Our outlook for global banks remains steady. As of June 30, 2024, about 75% of bank rating outlooks were stable. This resilience stems from solid capitalization, improved profitability, and still sound asset quality. The expected economic slowdown in the year's second half, while interest rates remain elevated, will test business volumes, asset quality, and financing conditions. A multitude of general elections in 2024, and the Russia-Ukraine and Israel-Hamas wars bring spillover risks, including market volatility. Positively, most banks' earnings continue to benefit from high interest rates and limited credit losses. Click here to view our full article.

Series 6, Episode 4: Leveraged Finance & CLOs Uncovered Podcast: How ASDA’s Parent, Bellis Finco PLC, compares with other food retailers in a highly competitive UK landscape. Hina & Sandeep have a discussion with Raquel on credit fundamentals of Asda and its recent refinancing and S&P’s expectation for a future trajectory. Our aim is to provide market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, with S&P Global Ratings regular podcast, based on key features we’re seeing in corporate credits and sectors that CLOs are exposed to. View related article here >

Ep48: T Rowe Price CIO Sebastien Page on Mega Trends, Leadership & Building a Linkedin Following In this episode of FI15, Joe is joined by Sebastien Page, Chief Investment Officer at T Rowe Price and Alexandra Dimitrijevic, Global Head of Analytical Research & Development at S&P Global Ratings. Topics included both guests views on global mega trends, the future glide path of interest rates and inflation, Sebastien’s experience building a 40,000+ following on Linkedin and a new quick fire round. Sign-up here to be notified as soon as future episode are published. View the series so far here .

In this episode of FI15, Joe is joined by James Keenan, CIO and Global Head of Private Debt at BlackRock and Ruth Yang, Global Head of Private Markets Analytics and Thought Leadership at S&P Global Ratings. Topics included the rise in popularity of private markets, how both Blackrock and S&P Global Ratings approach the space, Jim’s unpopular investment opinion and people inside and outside of S&P Global that inspire Ruth. View our latest Private Markets insights Sign-up here to be notified as soon as future episode are published View the series so far here

We’re joined by analyst Casper Andersen to provide updates on the Norwegian, Finnish, and Dutch covered bonds markets, and Icelandic jurisdictional support. We discuss the current housing markets and economic growth for Norway, Finland, and Netherlands and the impact on their respective covered bond markets. We also discuss issuance demand and trends in the Dutch covered bond market and revisions to certain jurisdictional support assessments in our criteria (specifically Iceland). Related Articles: Covered Bonds In New Markets: Issuance Holds Up In 2024 Global Covered Bond Insights Q2 2024: Strong Start To The Year For Issuance Covered Bonds Primer Norwegian And Finnish Covered Bond Market Insights 2024

For our first episode in 2024, our host, Tom Schopflocher, is joined by Cian Chandler, S&P Global Ratings’ Global Structured Finance Chief Analytical Officer, to introduce our “ABS Frontiers” article series. Throughout this year, these informative commentaries will explore sectors that are somewhat “out of the ordinary,” which, in addition to being interesting and possibly not broadly understood by the market, show potential for growth in origination and securitization. Some asset classes we’ve published on so far include C-PACE, music royalties, private credit funds, and bridging loan RMBS. In the episode, we discuss our reasons for embarking on this article series, which include providing market insight based on what we are seeing and what may come down the line. Click on the link below to access the series: ABS Frontiers Series

A worsening in property-sector stress is the key risk stalking the Asia-Pacific financial institutions sector in 2024. "Asia-Pacific banks are managing property sector risks and the vast majority have stable rating outlooks," said S&P Global Ratings credit analyst, Gavin Gunning. "We see limited upside ratings potential, given persistent property sector risks, higher-for-longer interest rates and weaker economic growth. More so, if downside risks emerge in property or other areas, it could be tougher for banks to maintain outlooks at current levels." Click here to view our full article.

In this episode of FI15, Joe is joined by Real Estate mogul Ryan Serhant, Founder of SERHANT. and Gregg Lemos-Stein, Chief Analytical Officer – Corporates at S&P Global Ratings. The guests discuss the global real estate market, with Ryan sharing his expertise on leveraging social media and AI to drive success in the industry, and Gregg provides his experience of how large multi-national corporations are currently utilizing AI to unlock new opportunities. Sign-up here to be notified as soon as future episode are published View the series so far here

Hina & Sandeep discuss Altice France with Justine Miquee over an in-depth analysis of Altice France's recent rating action and insights into the key factors shaping the company's performance, and the areas we are closely monitoring.