Lower-rated emerging markets face social, fiscal risks as credit cycle turns
Credit Currents - Moody's Ratings
00:00
The Outlook for Non-Investment-Grade ES in the Wake of the Rising Cost of Living Crisis
Christian: For non-investment-grade ES as a whole, it is related to the impact of inflation and currency depreciation on the purchasing power. He says governments are prioritizing social support; some have become better at targeting the socially vulnerable. Christian: But note of caution, we are still watching out for social risks because governments generally have quite limited fiscal flexibility.
Play episode from 11:42
Transcript
