Credit Currents - Moody's Ratings

In this episode of Moody’s Talks – Emerging Markets Decoded, Olivier Chemla and Petter Bryman of the Sovereign team join host Ariane Ortiz-Bollin to discuss which Central and Eastern European countries are most at risk of stagflation and how such a scenario would impact sovereign credit profiles.

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

• Credit-negative stagflation scenario now more likely in the EU, but country-specific exposures vary
• Looming gas crisis intensifies credit pressures for Europe’s most exposed sovereigns
• Government of Romania – Baa3 stable Regular update 
• Government of Hungary – Baa2 stable Regular update
• Government of Poland – A2 stable Update following rating affirmation, outlook unchange
• Government of Slovakia – A2 negative: Update following outlook change to negative, rating affirmation

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In this episode of Moody’s Talks – Emerging Markets Decoded, Madhavi Bokil of the Credit Strategy and Research team joins host Shirin Mohammadi to discuss the latest update to Moody’s global macroeconomic outlook, with a focus on G20 emerging markets. Plus, Kathrin Muehlbronner and Gabriel Torres of the Sovereign team do a deep dive into Turkiye and Argentina – two of the largest emerging markets facing extraordinarily high levels of inflation. 

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

• Global growth slackens as tighter financial conditions permeate the economy
• FAQ on external position, and economic and fiscal outlook
• Unorthodox monetary policy fuels high inflation in Argentina and Turkiye, but key differences remain
• Economic outlook dampens as financial conditions deteriorate

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In this episode of Moody’s Talks - Emerging Markets Decoded, Thaddeus Best of the Global Emerging Markets team and Anushka Shah of the Sovereign team join host Ariane Ortiz-Bollin to discuss the resilience of most emerging markets to tightening financial conditions, as well as the implications for reform prospects in lower-income countries.

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

• Most EMs will avert debt crisis but frontier markets are exposed to turning credit cycle
• Some lower-income economies have strengthened their credit quality through a range of policies

© 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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In this episode of Emerging Markets Decoded, Ada Li and Roxana Munoz of the Infrastructure and Project Finance team join host Thaddeus Best to discuss how climate change is undermining green and conventional power generation.

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

• APAC power utilities’ credit quality under pressure from rising physical climate risks
• Hydropower development will peak in 2022; environmental risks limit expansion

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In this episode of Emerging Markets Decoded, Leroy Terrelonge of the Cyber Risk team and Gabriel Torres of the Sovereign team join host Shirin Mohammadi to discuss rising cyber risks for emerging markets and recent attacks on Costa Rica’s government.

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

• Government of Costa Rica: FAQ on the sovereign credit implications of recent cyberattacks
• Government of Costa Rica: Cyberattack disabling key government services is credit negative 
• Cyber Risk – Global: Broad sanctions against Russia raise risks of financially motivated cyberattacks 
• Global – Cyber Risk: Russia-Ukraine tensions increase cyber risks across regions, asset classes
• Cyber Risk – Global: Cyber risk survey of issuers finds growing investments, but gaps in preparedness

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In this episode of Emerging Markets Decoded, Renzo Merino of the Sovereign team and Nymia Almeida of the Corporates team join host Ariane Ortiz-Bollin to discuss the recent rating downgrades of the Mexican sovereign and state-owned oil company.

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In this episode of Emerging Markets Decoded, Martin Petch of the Sovereign team and Franco Leung of the Corporates team join host Thaddeus Best to discuss the implications of China’s property sector stress and economic slowdown for global growth.

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Analysts Renzo Merino and Nymia Almeida join host Ariane Ortiz-Bollin to discuss the policy proposals of the candidates vying to be Colombia’s next president and how rising social risks may lead to policy changes with important credit implications.

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

• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1328181
• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1324262
• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1320228

© 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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In this episode of Moody’s Talks – Emerging Markets Decoded, Ariane Ortiz-Bollin of the Global Emerging Markets team joins host Thaddeus Best to discuss key takeaways from Moody’s recent Global Emerging Markets Summit. Plus, Rachel Chua of the Corporates team reveals which emerging market companies are most exposed to spillovers from the Russia-Ukraine military conflict, and which stand to benefit.

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

• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1330110
• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1326788
• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1327363
• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1323369
• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1323216
• https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1327228

© 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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In this episode of Moody’s Talks – Emerging Markets Decoded, Aurelien Mali and Kathrin Muehlbronner of the Sovereign team join host Shirin Mohammadi to discuss the sociopolitical ramifications of the Russia-Ukraine crisis for the Middle East and Africa by drawing lessons from a similar global food and energy price shock in 2008. Plus, they discuss how the conflict is exacerbating an already precarious situation in Turkey.

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

• Sovereigns – Middle East & Africa: Global food and energy price shock raises risk of political and social unrest fueled by rising inflation
• Government of Turkey: FAQ on Turkey's vulnerability to Russia-Ukraine conflict
• Banks, securities firms, finance companies – Global: Ripple effects from Ukraine crisis are creating harsher business conditions

© 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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