Outlook Connections

The future of fixed-income markets
Listen on
Listen on:

Moody’s Talks - Outlook Connections


full
Season
Episode
9
/
December 16, 2020

Housing-exposed sectors are a credit bright spot amid stimulus support

Barbara Rismondo of the Structured Finance team, Warren Kornfeld of the Banking team, Florence Zeman of the Public Finance team and Natalia Gluschuk of the Corporates team discuss the 2021 outlook for sectors exposed to the US and European housing markets. US nonbank mortgage lenders and homebuilders will report good profitability owing to government stimulus, while US housing finance agencies and European and US residential mortgage-backed securitizations will experience moderately higher delinquencies amid higher unemployment.
View Episode Notes »
full
Season
Episode
8
/
December 15, 2020

Travel demand will remain in doldrums for most of 2021; business travel will take longest to recover

With a vaccine unlikely to be widely available for several months, Moody’s public finance analyst Valentina Gomez, airports analyst Earl Heffintrayer, mass transit analyst Baye Larsen, airlines analyst Jonathan Root and lodgings industry analyst Peter Trombetta discuss the outlook for travel and tourism in 2021 and consider what it will take to get travellers back on the road and in the air.
View Episode Notes »
full
Season
Episode
7
/
December 11, 2020

Strong rebound would boost US municipalities, not-for-profit hospitals and colleges

Kendra Smith, Tim Blake and Leonard Jones of the Public Finance team discuss the prospects in 2021 for US states, local governments, universities and not-for-profit hospitals. A strong economic rebound accompanied by a successful coronavirus vaccine rollout would boost tax revenues, while encouraging students to return to campus and allowing hospitals to carry out more profitable elective surgeries. An uneven recovery may force some states and local governments to cut spending further, particularly those dependent on tourism and energy.
View Episode Notes »
full
Season
Episode
6
/
December 10, 2020

China set for fast but uneven recovery in 2021

Gene Fang from the Sovereign team, Yubin Fu from Sub-Sovereign team and Nicholas Zhu from the Banking team discuss the credit outlook across a number of Chinese sectors in 2021, including regional and local governments. They outline that risks that are emerging as the government withdraws pandemic-related support and refocuses on deleveraging, but that despite rising defaults China will be able to mitigate any economic volatility.
View Episode Notes »
full
Season
Episode
5
/
December 8, 2020

Pandemic hurts oil, gas and auto firms’ capital spending, utilities less affected

​​Elena Nadtotchi and Matthias Heck of the Corporates group and Nana Hamilton of the Infrastructure group explore the outlook for global oil and gas producers, global auto makers, US regulated power utilities, and European unregulated utilities. The oil and gas and auto industries’ capital expenditure will come under pressure following a coronavirus-induced drop in revenues during 2020, although issuers continue to invest in carbon transition. Utilities’ capex will remain robust, as the pandemic has had less impact on them.
View Episode Notes »
full
Season
Episode
4
/
December 3, 2020

Shifting consumer behavior spurs upheaval in US retail and threatens US shopping malls

Analysts Mickey Chadha and Kevin Fagan discuss the outlook for US retail and the credit conditions for the US commercial mortgage-backed securities market in 2021. They outline how the coronavirus pandemic is rapidly accelerating digitization, which is increasingly dividing retailers into digital-haves and have-nots, reshaping mall design and determining which retail tenants are attractive to the market.
View Episode Notes »
full
Season
Episode
3
/
December 1, 2020

Lower-rated leveraged loans, junior CLO tranches to bear brunt of coronavirus impact

Christina Padgett and Sandra Veseli of the Corporates team, Al Remeza of the Structured Finance team, and Ana Arsov of the Financial Institutions team discuss the outlook for leveraged finance and collateralized loan obligations (CLOs) in the US and EMEA. Coronavirus-related defaults will likely peak in 2021, but banks’ exposure is limited. Lower-rated loans to coronavirus-exposed sectors will be worst affected, with a knock-on effect on the junior tranches of existing CLOs.
View Episode Notes »
full
Season
Episode
2
/
November 12, 2020

Global economies face policy challenges in 2021 as pandemic fallout continues

Atsi Sheth from the Credit Strategy team and Yves Lemay from the Sovereign Risk Group discuss the outlook for the global economy and sovereign credit in 2021 in light of the seismic financial shock caused by the coronavirus pandemic. They also outline the differing outlooks and credit risks faced by three key economies: the US, China and the UK.
View Episode Notes »
full
Season
Episode
1
/
November 9, 2020

Uneven recovery, rising debt and digital transformation will shape credit in 2021

Anne Van Praagh and Michael Taylor of the Credit Strategy & Research team discuss six key trends that will affect the credit landscape as the world deals with the coronavirus crisis. These include an uneven economic recovery, higher corporate and sovereign debt loads, and the accelerated digital transformation of major business sectors.

View Episode Notes »
full
Season
Episode
0
/
October 30, 2020

Moody's Talks - Outlook Connections Trailer

On Moody’s Talks - Outlook Connections, analysts from around the globe will outline our views on the business conditions for credit markets in the year ahead. We’ll aim to analyze the interplay and correlations between major sectors and asset classes as well as the potential impacts of both short and long term economic trends. From oil, automotive and energy to retail and CMBS, and from airlines and the hospitality sectors to panoramic perspectives on the US and China, join us on a journey into the future of fixed income markets. Published by Moody's Investors Service.
View Episode Notes »
‹ BACK TO PODCASTS HOME