Moody’s Talks – Behind the Bonds

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

Episode Summary

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 David Beadle explain why Moody’s recently changed the outlook for both the European and US retail sectors back to stable from positive.

Episode Notes

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 David Beadle explain why Moody’s recently changed the outlook for both the European and US retail sectors back to stable from positive.

Related content on Moodys.com (some content only available to registered users or subscribers): 

• Nonfinancial Companies – North America: 2022 outlook stable but inflation and debt burdens imply risks for credit quality (Slides) 
• Nonfinancial Companies – EMEA: 2022 outlook stable as earnings recovery progresses but with mounting pressure (Slides)
• Nonfinancial Companies – Asia (ex Japan): 2022 outlook stable with solidifying economic recovery (Slides) 
• Nonfinancial Companies - Latin America: 2022 outlook stable as economic activity recovers, but tightening funding, inflation pose risks (Slides) 
• Retail & Apparel – US: Outlook shifts to stable as outsized demand eases and costs, supply chain pressures rise 
• Retail – Europe: Outlook changed to stable as inflation, supply chain woes curb recovery