Credit Currents - Moody's Ratings

China’s 2024 policy priorities and influence across Asia, the state of European consumers, Romania’s fiscal deficit, Argentina’s economy and Ecuador’s state of emergency are among the top stories. Guests : Lillian Li, Vice President – Senior Credit Officer, Moody’s Ratings; Ruosha Li, Vice President – Senior Analyst, Moody’s Ratings; Ariane Ortiz-Bollin, Vice President – Senior Credit Officer, Moo...

Positive developments include strong GDP growth in Côte d’Ivoire and Senegal, a lifting of sanctions on Niger, and a few countries tapping international bond markets so far this year. Speaker : Mickaël Gondrand, Assistant Vice President-Analyst, Sovereign Risk Group, Moody’s Investors Service Host : Scott Phillips, Associate Managing Director, Emerging Markets, Moody's Investors Service   © 2...

These instruments provide flexibility on debt-service payments and can help bridge differences in restructuring talks. Protracted talks delay critical structural reforms and increase default risk.   Guest : David Rogovic, Vice President – Senior Credit Officer, Sovereign Risk Group, Moody’s Investors Service Host:  Scott Phillips, Associate Managing Director, Emerging Markets, Moody’s Investors Se...

Recent interest rate cuts in Brazil, Chile, Colombia and Hungary are among the signs that EM financial conditions are improving. The primary market for EM bond issuance is likely to remain strong. Hosts : Scott Phillips, Associate Managing Director - Emerging Markets at Moody's Investors Service; Vittoria Zoli, Analyst - Emerging Markets at Moody's Investors Service   © 2026 Moody’s Corporati...

Conditions are more stable for sovereigns, banks and companies in the Gulf Cooperation Council region than in North Africa and Levant. An escalation of the Israel-Hamas military conflict is main risk. Speakers : Christian Fang, Vice President – Senior Analyst, Sovereign Risk Group at Moody’s Investors Service; Badis Shubailat, Assistant Vice President – Analyst, Financial Institutions Group at Moo...

Redefault risk in Argentina, general elections in South Africa, financial conditions and debt affordability in Egypt, monetary policy in Turkiye and economic growth in China are top stories this year. Speaker : Marie Diron, Managing Director - Global Sovereign Risk - Moody's Investors Service Host : Scott Phillips, Associate Managing Director - Emerging Markets, Moody's Investors Service   ©...

Carbon transition, adaptation to climate change and climate finance – core topics at COP28 – are crucial for EMs because of their exposure to environmental risks and limited capacity to respond. Speakers : Rebecca Karnovitz, VP-SCO – ESG Research & Outreach at Moody’s Investors Service; Matt Kuchtyak, VP-Sustainable Finance at Moody’s Investors Service Host : Natasha Brereton-Fukui, SVP-Global ESG...

EM GDP growth will slow, largely because of China’s slowdown. Export-led EMs will suffer from weak global trade activity, but domestic-focused EMs will fare better. Pockets of inflation risk exist. Speaker : Vittoria Zoli, Analyst - Emerging Markets, Moody's Investors Service Host : Scott Phillips, Associate Managing Director - Emerging Markets, Moody's Investors Service   © 2026 Moody’s Corp...

Continued high US interest rates, strong US dollar and possible rise in commodity prices mean EM central banks are likely to recalibrate the pace, if not the depth, of their interest rate cuts. Speaker : Vittoria Zoli, Analyst - Emerging Markets, Moody's Investors Service Host : Scott Phillips, Associate Managing Director - Emerging Markets, Moody's Investors Service Related research : Federal Res...

This podcast episode examines the effect of interest-rate and oil-price volatility on EM, inflation in Asia and Central-Eastern Europe, monetary policy in LatAm and Egypt’s weakening credit quality. Speakers : Vittoria Zoli, Analyst - Emerging Markets, Moody's Investors Service and Elisa Parisi-Capone, Vice President - Senior Analyst - Sovereigns, Moody's Investors Service Host : Scott Phillips, A...

Moody’s strategists discuss recent central bank decisions, EM financial conditions, US dollar strength and EM currency weakness, Poland’s election and India’s inclusion in an EM government bond index. Speakers : Vittoria Zoli, Analyst -- Emerging Markets, Moody's Investors Service and Steffen Dyck, Senior Vice President -- Sovereigns, Moody's Investors Service Host : Scott Phillips, Associate Mana...

Moody’s analysts discuss the country-specific reasons inflation is slowing in emerging markets; why Mexico’s industrial production is increasing; and how Gabon’s coup factored into its outlook change. Speakers : Vittoria Zoli, Analyst – Emerging Markets, Moody's Investors Service and Mickaël Gondrand, Analyst – Sovereigns, Moody’s Investors Service Host : Scott Phillips, Associate Managing Directo...

In this episode, Moody’s analysts discuss the reasons for the current property-sector stress and the potential effects for developers, banks that finance them, local authorities and the economy. Host : Scott Phillips, Associate Managing Director – Emerging Markets, Moody’s Investors Service   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys...

Moody’s analysts discuss the growing use – and credit effect – of these transactions amid some sovereigns’ debt sustainability concerns and a need to invest in climate initiatives. Speakers : Thorsten Nestmann, Senior Vice President - Group Credit Officer, Sovereigns and Christopher Bredholt, Vice President - Senior Credit Officer, Public Project and Infrastructure Finance, Moody's Investors Servi...

BSI Fund Chief Investment Officer Kojo Amoo-Gottfried joins Emerging Markets Decoded to discuss emerging markets topics including the macro perspective and investor sentiment toward the asset class.  Speaker : Kojo Amoo-Gottfried, Chief Investment Officer, BSI Fund Hosts : Scott Phillips, AMD – Emerging Markets, Moody’s Investor’s Service; Vittoria Zoli, Analyst – Emerging Markets, Moody’s Investo...

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 Tung, VP-Senior Credit Officer, Moody’s Investors Service Host : Vittoria Zoli, Analyst – Emerging Markets, Moody’s Inve...

Moody’s analysts discuss the credit effects of South Africa’s energy crisis, including macro and social implications, as well as the government’s plans to address the crisis. Speakers : Aurelien Mali, Vice President – Senior Credit Officer, Moody’s Investors Service; Neil Griffiths-Lambeth, Associate Managing Director, Moody’s Investors Service Host : Vittoria Zoli, Analyst – Emerging Markets, Moo...

Moody’s analysts discuss updates to long-term sovereign debt forecasts, accounting for recent market conditions, including higher inflation and interest rates. Speaker : Lucie Villa, Vice President – Senior Credit Officer, Sovereign Risk Group, Moody’s Investors Service Host : Scott Phillips, Associate Managing Director – Emerging Markets, Moody’s Investors Service Related Research : Frontier mark...

Special guests Lee C. Buchheit and David Lubin share their insights on emerging market sovereign debt crises, the US dollar’s future as a global reserve currency, China’s evolving economy and more. Speakers: Lee C. Buchheit, Professor, University of Edinburgh; David Lubin, Head of EM Economics, Citi, Associate Fellow at Chatham House Host: Scott Phillips, Associate Managing Director – Emerging Mar...

Moody’s analysts discuss India’s growing manufacturing and infrastructure sectors, favorable demographics and potential to achieve significant scale across multiple sectors in the next decade.  Speaker : Kaustubh Chaubal, Senior Vice President – Corporate Finance, Moody’s Investors Service Host : Scott Phillips, Associate Managing Director – Emerging Markets, Moody’s Investors Service Related rese...

Moody’s analysts explore credit risks related to natural capital and biodiversity loss, why emerging markets are more at risk than advanced economies and which sectors are most exposed. Speakers : Lucia Lopez, VP – Senior Credit Officer, Moody’s Investors Service; Rahul Ghosh, MD – Sustainable Finance, Moody’s Investors Service Host : Kelvin Dalrymple, VP – Senior Credit Officer, Moody’s Investors...

Moody’s analysts explore credit risks related to the social contract, and how a weakening in the contract is often associated with credit deterioration in the countries where it takes place. Speakers: Elisa Parisi-Capone, VP – Senior Analyst, Moody’s Investors Service; David Rogovic, VP – Senior Credit Officer, Moody’s Investors Service Host: Shirin Mohammadi, VP – Senior Research Writer, Moody’s...

Moody's analysts explore two downside scenarios to frame the likely impact of a US recession on EM corporates, combining lessons from past downturns with the many changes to the credit landscape in the years since. Speakers: Kelvin Dalrymple, VP – Senior Credit Officer, Moody's Investors Service; Vittoria Zoli, Analyst, Moody's Investors Service Host: Scott Phillips, AMD – Global Emerging Markets,...

Moody’s analysts explore the key themes and policy issues likely to be at the center of the upcoming World Bank and IMF Spring Meetings, including banking turmoil, tightening credit, ESG and more. Speaker : Marie Diron, Managing Director – Sovereign Risk, Moody’s Investors Service Host : Scott Phillips, Associate Managing Director – Emerging Markets, Moody’s Investors Service   © 2026 Moody’s...

The chief economist of Moody’s Analytics joins host Shirin Mohammadi to discuss the US Federal Reserve’s recent rate decision and response to banking stress, recession risks and more.   Speaker: Mark Zandi, Chief Economist, Moody’s Analytics Host: Shirin Mohammadi, VP – Senior Research Writer, Moody’s Investors Service   © 2026 Moody’s Corporation and/or its licensors and affiliates. All righ...