Credit Currents - Moody's Ratings

Credit Currents - Moody's Ratings

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Credit Currents - Moody's Ratings episodes

  • Political unrest adds to credit pressures across Latin America

    In this episode of Moody’s Talks – Emerging Markets Decoded, Jaime Reusche of the Sovereign team joins host Ariane Ortiz-Bollin to discuss the credit implications of political unrest in Peru, how it compares to recent events in Brazil and credit distress in Argentina. Plus, Valeria Azconegui of Moody’s Local shares insights from the ground.

    Related research:

    • Government of Argentina: External market debt buyback amounts to a distressed exchange
    • Government of El Salvador: Second debt buyback amounts to a distressed e:xchange, small transaction amount illustrates liquidity stress
    • Government of Brazil: Brazil's political polarization is credit negative

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    14 min
  • Despite mixed outlook, Middle East houses one of 2023’s few bright spots

    In this episode of Moody’s Talks – Emerging Markets Decoded, Christian Fang and Alex Perjessy of the Sovereign team join host Shirin Mohammadi to discuss the outlook for sovereigns across the Middle East and North Africa. Plus, they explore how recent developments in Iran could affect the rest of the region.

    Related research:

    • 2023 outlook negative as inflation, high interest rates broadly raise credit risks
    • 2023 outlook positive as high oil prices bolster finances, provide space for reforms

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    17 min
  • Will China’s zero-covid policy reversal provide a boon to emerging markets in 2023?

    In this episode of Moody’s Talks – Emerging Markets Decoded, Gene Fang of the Sovereign team joins host Scott Phillips to discuss the outlook for credit conditions in China as it lifts Covid restrictions and reopens its economy, with a special focus on regional and local governments, the property sector, as well as potential implications for other emerging markets. 

    Related research:

    • 2023 outlook negative as debt, contingent liabilities build, land sales remain weak
    • Sustained slowdown in China will have large spillovers to the rest of APAC and beyond
    • China Property Focus: Supportive policies will take time to have an impact on sales

     

     

     

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    16 min
  • Lower growth and higher rates will weigh on African issuers

    In this episode of Moody’s Talks – Emerging Markets Decoded, David Rogovic of the Sovereign team and Mik Kabeya of the Financial Institutions team join host Scott Phillips to discuss credit dynamics in Africa amid the US-Africa Leaders Summit in Washington DC. Plus, Matt Pirnie, Head of Ratings at GCR Ratings joins as a special guest to discuss the biggest risks and potential bright spots facing corporate issuers in Sub-Saharan Africa.

     

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    20 min
  • Sustained growth slowdown in China would spill over to Asia-Pacific region and beyond

    In this episode of Moody’s Talks – Emerging Markets Decoded, Deborah Tan of the Credit Strategy & Research team joins host Shirin Mohammadi to discuss what a sustained economic growth slowdown in China implies for the rest of the world, particularly the Asia-Pacific region and lower-income countries that rely on Chinese investment flows. 

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    11 min
  • Negative global credit conditions will weigh on weaker emerging market debt issuers in 2023

    In this episode of Moody’s Talks – Emerging Markets Decoded, Ariane Ortiz-Bollin of the Global Emerging Markets team joins host Scott Phillips to discuss the 2023 outlook for emerging market credit conditions, with a focus on governments, companies and banks.

    Related research:

    • 2023 Outlook - Negative credit conditions leave weaker debt issuers exposed

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    19 min
  • Emerging markets with stronger governance, diversified economies best placed to achieve a socially “just transition”

    In this episode of Moody’s Talks – Emerging Markets Decoded, Ana Rayes of the ESG team joins host Shirin Mohammadi to discuss the potential social ramifications of climate action, and explore the relative readiness of emerging market sovereigns for a socially just carbon transition. 

    Related research:

    • Sovereigns' readiness for a “just transition” varies, as does associated credit impact
    • Governments have made policy progress toward net zero, but energy crisis will complicate implementation

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    12 min
  • Brazil’s close election outcome will limit Lula’s ability to implement material policy changes

    In this episode of Moody’s Talks – Emerging Markets Decoded, Samar Maziad of the Sovereign team joins host Ariane Ortiz-Bollin to discuss the credit implications of Brazil’s recent presidential elections for the sovereign, banks and companies.

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    16 min
  • Emerging market companies face high refinancing risk as tight financial conditions persist

    In this episode of Moody’s Talks – Emerging Markets Decoded, Thaddeus Best of the Emerging Markets team joins host Scott Phillips to discuss how tight financial conditions and capital outflows from emerging markets are affecting lower-rated issuers’ ability to refinance maturing international bonds.

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    20 min
  • Lower-rated emerging markets face social, fiscal risks as credit cycle turns

    In this episode of Moody’s Talks – Emerging Markets Decoded, Christian Fang of the Sovereign team joins host Shirin Mohammadi to discuss the fiscal and social implications of a sustained period of high inflation and interest rates globally for non-investment-grade emerging market sovereigns.

    Related content on Moodys.com (some content only available to registered users or subscribers): 

    • Non-Investment-Grade Sovereigns – Global Headwinds raise credit pressures
    • Currency depreciation highlights a range of risks across the rating spectrum

    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.


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    15 min

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