Moody’s Talks – The Big Picture

10 Episodes
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By: Sarah Carlson, William Foster, Colin Ellis

On Moody’s Talks – The Big Picture, hosts Sarah Carlson, William Foster and Colin Ellis bring you insights from Moody’s analysts around the world on hot topics across fixed-income markets. Each episode will illuminate Moody’s thinking on the latest credit and economic developments, ranging from the continued impact of the COVID-19 pandemic, to technological disruption, political shifts and climate change. Please join us as we explore what’s on the horizon for the global credit landscape.

UK Elections: Predictions, challenges, and policy shifts
#38
06/12/2024

The lead analyst for the UK sovereign rating, Evan Wohlmann, joins Colin Ellis to discuss the potential outcomes, policy changes, and the role of Brexit and immigration in shaping the sovereign’s future rating trajectory.

Speaker: Evan Wohlmann, VP-Sr Credit Officer at Moody's Ratings

Host: Colin Ellis, MD-Global Credit Strategist at Moody's Ratings

Related Research:

Government Policy – UK: New government could boost growth, but faces fiscal and institutional hurdles

 


Biden’s latest tariffs and the future US-China trade policy
#37
05/23/2024

Last week, President Biden announced that the US will increase tariffs on $18 billion of imports from China in sectors like electric vehicles, semiconductors and solar panels. In this episode, we review the implications of these measures on the US and Chinese economies, the individual sectors we rate, and for the future of US-China trade ties.

Speakers: Dima Cvetkova, Analyst/CSR at Moody's Ratings, Elena Duggar, MD-Credit Strategy at Moody's Ratings

Host: William Foster, Senior Vice President at Moody's Ratings


Private credit's rapid rise and its implications
#36
05/20/2024

The world of finance is always changing. There’s always a new kid on the block, and one of the fastest growing asset classes in recent years is this thing called private credit. But what exactly is private credit and what kind of risks does it pose? That’s the topic we will be discussing today with Christina Padgett, an associate managing director in our Corporate Finance Group. 

Speaker: Christina Padgett, Associate Managing Director at Moody's Ratings

Host: Colin Ellis, MD-Global Credit Strategist at Moody's Ratings


Global corporate picture is improving
#35
05/09/2024

Following updates in the first quarter of this year, positive outlooks now outnumber the negative ones we assign to industry sectors globally. In this episode, we speak to Edmond DeForest about the drivers behinds these recent improvements despite the challenges facing the global economy and our expectations for business conditions in the next 12 to 18 months.

Speaker: Edmond DeForest, Senior Vice President at Moody's Ratings

Host: Colin Ellis, MD-Global Credit Strategist at Moody's Ratings


Mixed picture for sovereigns at World Bank and IMF spring meetings
#34
04/18/2024

The tone has shifted since the meetings last year to cautious optimism about a soft landing for the global economy. But stubborn inflation, budget constraints and geopolitics present growing concerns, particularly in light of recent events in the Middle East. In this episode, we sit down with Marie Diron and Sarah Carlson from the sovereign team to discuss what this means for the future direction of sovereign ratings.

Speakers: Marie Diron, MD-Global Sovereign Risk at Moody's Ratings; Sarah Carlson, Senior Vice President at Moody's Ratings

Host: William Foster, Senior Vice President at Moody's Ratings


Green technology and industry
#33
04/15/2024

It’s a long way to global net zero emissions but some industrial efforts are getting traction. Proof-of-concept has been established in steelmaking, where hydrogen can help replace coal, and in aviation, where some planes are taking to the skies on biofuel. In this episode, we discuss the early stages of this transformation and what it will take to keep it going.

Speaker: Rebecca Karnovitz, Vice President, Senior Credit Officer – ESG Group, Moody’s Ratings

Host: Sarah Carlson, Senior Vice President – Sovereign Risk Group, Moody’s Ratings 


Semiconductors and geopolitics
#32
03/25/2024

Computers are not just on your desk. They're in your phones, your cars, your microwave. Even washing machines are now computers. And the demand for the computer chips that these products use is an increasing focus not just for investors but also for governments globally. In this episode, we discuss how this intervention is impacting the big players and where the market is headed with our lead analyst for Nvidia and Intel, Raj Joshi.

Speaker: Raj Joshi, Senior Vice President at Moody's Ratings

Host: Colin Ellis, MD-Global Credit Strategist at Moody's Ratings


Corporate default rate will ease in 2024 while remaining near its long-term average
#31
03/13/2024

The rate will likely decline to 3.6% by the end of 2024, from a 5% peak in January, as central banks begin lowering policy rates.

Speakers: Sharon Ou, VP-Sr Credit Officer/Mgr/CSR

Host: Colin Ellis, MD-Global Credit Strategist


Narrowing gender gaps in labour markets and on boards will strengthen credit quality
#30
03/04/2024

Female labour participation rates have more than recovered losses sustained during the pandemic. The associated boost in economic activity and support to households is positive for a range of issuers.

Speakers: Dawn Holland, Director-Economic Research at Moody's Analytics; Ana Rayes, VP-Senior Analyst at Moody's Investors Service

Host: William Foster, Senior Vice President at Moody’s Investors Service


Refinancing needs and valuation gaps increase risks for some European leveraged finance companies
#29
02/26/2024

Around €300 billion of European spec-grade corporate debt needs refinancing by 2026, but uncertain market access, slower growth and higher interest rates increase risks for some lower rated entities. 

Speaker: Martin Hallmark, Senior Vice President-CFG at Moody's Investors Service

Host: Colin Ellis, MD-Global Credit Strategist at Moody’s Investors Service