Visual narratives to walk you through important topics across industries, sectors, and regions.
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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November 17, 2020

Recovery for passenger airlines still a multiyear proposition

2021 outlook negative as rising infection rates suppress demand growth in coming months

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November 10, 2020

Non-financial corporates: rating activity during COVID-19

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

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November 4, 2020

US spec-grade companies face record maturities amid COVID-19

Speculative-grade companies’ debt maturities through 2025 hit $1.4 trillion, up 19% since January. The risk companies will be unable to refinance debt is low but rising, with credit quality diminishing in the pandemic.

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October 13, 2020

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 September 30, 2020.

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October 12, 2020

The global hospitality sector is under siege from COVID-19

With a high level of downgrades and negative outlooks pointing to a prolonged recovery, the hospitality sector is set to experience continued operating pressure, well after the pandemic abates

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October 5, 2020

Uncertain future demand heightens business and credit risks for oil and gas sector

Energy transition will affect how demand for oil and gas evolves over the next 10-20 years and will require continuous large investment amid rising risks

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