The default rate will decline to 3.3% by the end of Q1 2025, far below the peak of nearly 15% at the end of 2022 which was driven by the Russia-Ukraine war and China’s property market woes.

Guest: Yang Liu, Vice President - Senior Analyst, Moody's Ratings

Host: Scott Phillips, Associate Managing Director, Moody’s Ratings

Related Research:

• Corporates – Emerging Markets: EM corporate default rate will fall further in 2024 and approach advanced economy rate
• Default Trends – Global: Annual default study: Corporate default rate to moderate in 2024 but remain near its long-term average

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