A favorable trio of infrastructure spending, rising demand in housing and auto sectors and record low interest rates will boost Indian companies' earnings and support their credit quality
Asset tokenization could increase efficiency and liquidity in credit markets, allowing investors to diversify across asset classes in new ways and expanding financing access for borrowers
COVID-19 has impacted asset performance broadly to varying degrees across sectors and regions, but the majority of structured finance ratings have remained stable. Structured finance securities at the lower end of the rating scale, and in industries greatly impacted by the downturn, have been most affected during the period from March 1 through December 31, 2020.
The spread of the coronavirus has placed significant stress on the global economy but corporate downgrades reveal a thorough and measured approach to credit during turbulent times
Auto-related businesses are major employers in Germany. The pandemic-led weakening in auto demand will also have major knock-on effects for many industries in Germany and neighboring German-speaking countries. Including their financial services, the issuers below represent approximately 56% of the total rated corporate debt in Germany.
Structural shifts are accelerating for retail landlords and emerging as a potential threat to business travel, posing more protracted risks for these sectors. COVID-19 will weigh on senior housing occupancy until a vaccine is rolled out.
Higher but still modest oil and gas prices will support limited cash flow gains in 2021, following a swift downturn in 2020. Industry spending will remain low, hampering further asset development and squeezing smaller companies
While global auto unit sales will rebound from their coronavirus-fueled plunge in 2020, sales are unlikely to return to their previous annual peak of around 95 million units before mid-decade
US retail operating profit will grow about 20% in 2021, with growth most pronounced in hard-hit discretionary sectors. Our outlook is now stable based upon this stronger-growth trajectory, but downside risks remain high due to uncertainties related to economic growth and the trajectory of new coronavirus cases.
The coronavirus pandemic will continue to hurt mass transit systems’ financial performance across the United States. Lockdowns, unemployment, remote working, office closures and slowdowns in the retail and leisure industries have led to large drops in ridership, which will not approach pre-pandemic levels for many years.
