Visual narratives to walk you through important topics across industries, sectors, and regions.
February 5, 2021

Asset tokenization has potential to deepen and diversify financial markets

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

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January 26, 2021

Global structured finance: rating activity during COVID-19

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.

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December 22, 2020

Disruption of German auto demand will reverberate through industry supply chain

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.

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December 17, 2020

Retail’s digital transformation will create a wave of tenant bankruptcies and mall store closures

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.

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December 11, 2020

Oil prices set for modest rise in 2021 amid uneven demand, limited capital

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

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December 8, 2020

Car sales to rebound after sharp downturn in 2020

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

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December 3, 2020

Discretionary retailers will lead US industry profit growth in 2021

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.

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November 23, 2020

US mass transit: ridership faces a long, slow recovery

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.

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November 20, 2020

US Consumer: RMBS and ABS rating activity resulting from COVID-19

Majority of US Consumer RMBS and ABS ratings have remained stable despite the economic downturn and impact on collateral performance stemming from COVID-19. Of the ratings downgraded, most were on non-investment grade tranches.

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November 17, 2020

Financial Institutions: rating snapshot (January-September 2020)

Most actions have confirmed existing ratings. Nonetheless, banks have had the highest share of downgrades and outlooks have turned mostly negative.

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