Moody’s Talks – Behind the Bonds

By Moody's Investors Service

What's Moody’s Talks – Behind the Bonds about?

On Moody’s Talks - Behind the Bonds, hosts Tania Hall and Jeff Pruzan join analysts from Moody’s corporate finance group worldwide to discuss the market forces shaping credit across industries - from airlines to telecoms and everything in between. These forces include the uneven recovery from the coronavirus pandemic, digital transformation, cyber risk, climate-change imperatives and much more. Please join us as we connect the dots on corporate credit quality.

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Moody’s Talks – Behind the Bonds episodes:

06.18.2024
Rapid growth of weight-loss drugs will influence multiple sectors in coming years
The pharmaceutical market has exploded in recent years with the rise of new drugs to help treat obesity and diabetes. The shift marks a huge opportunity for the pharmaceutical sector, which is pursuing the diabetes and obesity markets with four...
05.21.2024
Global commodities under pressure as China’s growth engine slows
The commodities sector isn’t looking rosy and that is largely due to the outsize influence of China, which is currently in the grip of an economic slowdown. These pressures come on top of geopolitical damage to trade and supply chains,...
04.16.2024
Global real estate prospects remain rocky
The outlook for the global real estate market remains negative with the bumpy economy, tight financing conditions and the surge in remote work. In the US, we expect rental income growth for offices to remain poor overall and apartment income...
03.19.2024
Pace of electric vehicle sales hits several roadblocks
In our opening segment, we discuss the slight slowdown in global market share growth for battery electric vehicles (BEVs) as some incentives to buy have ended, yet prices remain high. A scarcity of charging stations in Europe and the US...
02.20.2024
Artificial intelligence has potential to transform many types of companies
Artificial Intelligence or AI is predicted to have a profound impact on many areas of business. In this episode of Behind the Bonds we assess where AI innovation is already showing significant potential. Which industries can expect to see improved...
01.16.2024
Regional Credit Outlooks for 2024
In 2024 we see an uneven picture for companies across the globe. For those in North America and Asia-Pacific, excluding China, the credit outlook is stable. But in Europe, the Middle East and Africa, and Latin America the outlook is...
12.12.2023
Refinancing needs will intensify over the next three years, spurring issuance and defaults
This year has been a very weak one for leveraged finance deals as aggressive global monetary tightening hit markets. In this episode we explain why we see a gradual improvement in 2024, with refinancings driving new issuance in the US...
11.21.2023
Retailers look past inflation fatigue and high inventories, while conditions worsen for seaborne shipping
Retailers in North America and Europe are looking forward to another bustling holiday shopping season—but consumers may not be as eager this year as stores have hoped amid fairly high inflation, even with a strong labor market. Will 2024 get...
10.17.2023
Private lenders pile up cash, compete for LBOs, driving up risk
Private credit lenders built stores of capital that we expect will be put to work competing with banks to fund a new wave of leveraged buyouts. In the first segment of this episode, we discuss LBO competition and the risks...
09.20.2023
Global information technology outlook remains stable; EU Chips Act will help semiconductor sector
Big technology companies have been on a wild ride over the past few years, with the pandemic-driven boom followed by an inevitable hangover as economic uncertainty loomed. In the first segment of this episode, we examine the outlook for the...
08.15.2023
Blue skies ahead for airports and airlines as tourists take off
Airlines and airports are benefitting from booming demand from leisure travellers as people take to the skies for a well-deserved summer holiday. In the first segment of this episode, we look at what’s driving strong passenger traffic volumes at US...
07.27.2023
China’s soft economic recovery raises contingent liability risks from LGFVs
Moody’s analysts discuss the economic and credit outlook for China, including the role of local government financing vehicles (LGFVs) and their debt burdens, and the latest on the property sector. Speakers: Lillian Li, VP-Senior Credit Officer, Moody’s Investors Service; Jessie...
07.18.2023
Tech companies grapple with impact of US-China tensions; global IT services firms face revenue slowdown
We explore the impact that geopolitical tensions between the US and China are increasingly having on technology companies, particularly the vital semiconductor supply chain. Which companies are most affected and what are the implications for China’s domestic semiconductor industry? Then...
06.20.2023
What’s the outlook? And why global real estate has gone negative
Our industry sector outlooks provide insight into the fundamental business and credit conditions that companies face. But what’s the picture across the 18 sector outlooks right now as macroeconomic conditions shift – which sectors are on the up and which...
05.17.2023
China property outlook turns stable from negative; insurers and mortgage lenders face limited credit risk from the property sector
In this episode, we discuss China’s stabilizing property sales and improving funding conditions. Then at 9:00, we look at Chinese insurers’ and banks’ exposure to the country’s property sector. Guests: Kelly Chen from the Corporate Finance Group of Moody’s Investors Service,...
05.16.2023
Europe, China lead shift to battery electric vehicles; strong demand boosts battery makers' revenue
In this episode, we dissect the drivers of global light vehicle sales, automakers’ profit margins and the sector’s rapid electrification shift. Volume improvement will be most pronounced in Western Europe this year after the biggest drop-off on the war in...
04.18.2023
Hospitality remains bright spot despite high inflation; cinemas continue to struggle
In this episode, we look at how companies that provide leisure and hospitality services like lodging, casinos, restaurants and cruises are faring. Our research shows that despite growing economic pressures and high inflation many consumers are still eager to splash...
04.12.2023
Global electric vehicle surge is a bumpy ride for insurance, auto finance, state highway bonds
Moody’s analysts discuss accelerating electric vehicle sales’ effects on US auto insurers and auto finance captives, and implications for state fuel taxes. Speakers: Matthias Heck, VP – Senior Credit Officer, Moody’s Investors Service; Inna Bodeck, VP – Senior Analyst, Moody’s...
03.21.2023
Rising interest rates are hurting real estate companies in Europe more than in Asia-Pacific
In this episode, we examine the effects of rising interest rates on real estate operating companies and real estate investment trusts in two major regions – Europe and Asia-Pacific. In the former, higher rates have driven a deterioration in credit...
02.21.2023
Efforts to force down costs have healthcare sector feeling unusually queasy
Investors have long seen the vast healthcare industry as a defensive sector. In good times and bad, consumers will still need everything from pharmaceuticals to medical devices to for-profit hospitals. But how strong is the healthcare industry today? Companies in...
01.17.2023
Energy shock strains European companies; US faces obstacles to increasing LNG supply and exports
Reduced supplies of natural gas and soaring prices stemming from Russia’s invasion of Ukraine are squeezing companies in Europe, which are also grappling with slowing economic growth, high inflation and rising interest rates. In the first segment of this podcast,...
12.01.2022
2023 outlook is negative for most regions as growth and consumer demand slows
In this episode, we discuss our 2023 outlook for nonfinancial companies across the globe. We start with what's driving fundamental credit conditions in North America, EMEA, China, Latin America and Asia-Pacific excluding China, and how those drivers differ across the...
11.22.2022
Interest rates and supply chain problems continue to drive credit risks
In this episode, we look into the two big drivers of credit quality for companies right now: interest rates and supply chains. Around the world, central banks have been raising interest rates in a bid to cool inflation. But higher interest...
10.26.2022
Liquidity tightens for leveraged finance market, raising corporate default risk
The leveraged finance market – leveraged loans and high-yield bonds – has expanded considerably in recent years and now represents around $4 trillion in outstanding debt worldwide. In the first segment of this podcast, we look at how the tide...
09.20.2022
Risks are rising for real estate globally; China’s property sector continues to struggle
The coronavirus pandemic has changed the way many of us work and live, and that has a huge effect on the real estate sector. In the first segment of this podcast, we discuss the global outlook for the real estate...
08.16.2022
Oil and gas companies reap credit benefit of high energy prices; Europe faces gas crisis
If there’s one sector that affects virtually every other corporate sector you can think of, it’s energy—oil, fuel and natural gas. From food, to travel, to tech, costs and selling prices all depend in part on energy costs. And those energy...
07.19.2022
Pharmaceuticals earnings growth to slow; the patent cliff could spur M&A
What are the big challenges facing the pharmaceutical giants? Moody’s recently changed the outlook for the pharmaceutical industry to stable from positive because we expect lower earnings growth in the next 12-18 months, excluding COVID-19-related products, than we previously forecast...
06.21.2022
Military conflict strains automakers; electrification reshapes global auto market
Russia’s invasion of Ukraine has put further stress on an auto supply chain already taxed by a shortage of key parts such as microchips. These supply disruptions, along with broader macroeconomic issues such as inflation, led us this month to...
05.17.2022
Russia-Ukraine conflict brings risks and opportunities
Russia’s invasion of Ukraine has raised questions about how companies’ credit quality will hold up if the conflict escalates. Some companies are set to benefit as commodity prices soar. But others are at risk from commodity price and supply-chain shocks,...
04.06.2022
Ukraine-Russia crisis hits array of companies globally; consumer products outlook moves to stable from positive
Marina Albo of the Corporate Finance team explains that most companies’ direct exposure to Russia is low outside the energy sector, but indirect exposure – through energy and commodity costs and access – is widespread. Then Paolo Leschiutta outlines why...
03.15.2022
Exposure to cyber risk and ability to address it vary across healthcare, services and commodities sectors
Amid increased cyberattack risk, Marie Fischer-Sabatie and Matt Cahill discuss differences in cyber risk preparedness among hospitals, pharmaceutical companies and medical device manufacturers. Then Farah Zakir does the same for business and consumer service companies, and Jonathan Reid for companies...
02.15.2022
Rising inflation poses a challenge for many companies around the world
Paloma San Valentin of the Corporates team discusses the impact of rising inflation on a wide range of global industries. Then, at 10.10 minutes, Emile El Nems takes a closer look at how higher prices are affecting the US building...
01.20.2022
Release of pent-up travel demand will benefit airlines and hospitality
Jonathan Root and Pete Trombetta discuss the recovery prospects for the airlines, cruise and lodging sectors globally in 2022 amid Omicron and other disruptions. And Sandra Beltran explains how increased travel will benefit a range of entities in Latin America...
12.01.2021
GDP and earnings growth support stable regional corporate credit outlooks; drivers of stable outlooks for US, Europe retail differ
Ed DeForest, Richard Morawetz and Gloria Tsuen of the Corporates team discuss the stable outlooks for nonfinancial companies in the Americas, EMEA and Asia (ex Japan) in 2022, highlighting differences and risks among regions and sectors. And Christina Boni and...
11.15.2021
Pandemic has altered landscape for speculative-grade companies and creditor protections
Our new corporate finance podcast series focuses on the market forces shaping credit across industries - from airlines to pipelines and computer chips to potato chips. In the inaugural episode, Annalisa Di Chiara, Richard Etheridge and Christina Padgett discuss the...
10.20.2021
EP 0 Title - Moody’s Talks – Behind the Bonds Trailer
On Moody’s Talks - Behind the Bonds, hosts Tania Hall and Jeff Pruzan join analysts from Moody’s corporate finance group worldwide to discuss the market forces shaping credit across industries - from airlines to telecoms and everything in between. These...

What's Moody’s Talks – Behind the Bonds about?

Download our free app to listen on your phone

Moody’s Talks – Behind the Bonds episodes:

Rapid growth of weight-loss drugs will influence multiple sectors in coming years

Global commodities under pressure as China’s growth engine slows

Global real estate prospects remain rocky

Pace of electric vehicle sales hits several roadblocks

Artificial intelligence has potential to transform many types of companies

Regional Credit Outlooks for 2024

Refinancing needs will intensify over the next three years, spurring issuance and defaults

Retailers look past inflation fatigue and high inventories, while conditions worsen for seaborne shipping

Private lenders pile up cash, compete for LBOs, driving up risk

Global information technology outlook remains stable; EU Chips Act will help semiconductor sector

Blue skies ahead for airports and airlines as tourists take off

China’s soft economic recovery raises contingent liability risks from LGFVs

Tech companies grapple with impact of US-China tensions; global IT services firms face revenue slowdown

What’s the outlook? And why global real estate has gone negative

China property outlook turns stable from negative; insurers and mortgage lenders face limited credit risk from the property sector

Europe, China lead shift to battery electric vehicles; strong demand boosts battery makers' revenue

Hospitality remains bright spot despite high inflation; cinemas continue to struggle

Global electric vehicle surge is a bumpy ride for insurance, auto finance, state highway bonds

Rising interest rates are hurting real estate companies in Europe more than in Asia-Pacific

Efforts to force down costs have healthcare sector feeling unusually queasy

Energy shock strains European companies; US faces obstacles to increasing LNG supply and exports

2023 outlook is negative for most regions as growth and consumer demand slows

Interest rates and supply chain problems continue to drive credit risks

Liquidity tightens for leveraged finance market, raising corporate default risk

Risks are rising for real estate globally; China’s property sector continues to struggle

Oil and gas companies reap credit benefit of high energy prices; Europe faces gas crisis

Pharmaceuticals earnings growth to slow; the patent cliff could spur M&A

Military conflict strains automakers; electrification reshapes global auto market

Russia-Ukraine conflict brings risks and opportunities

Ukraine-Russia crisis hits array of companies globally; consumer products outlook moves to stable from positive

Exposure to cyber risk and ability to address it vary across healthcare, services and commodities sectors

Rising inflation poses a challenge for many companies around the world

Release of pent-up travel demand will benefit airlines and hospitality

GDP and earnings growth support stable regional corporate credit outlooks; drivers of stable outlooks for US, Europe retail differ

Pandemic has altered landscape for speculative-grade companies and creditor protections

EP 0 Title - Moody’s Talks – Behind the Bonds Trailer

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