Credit Currents - Moody's Ratings

In this episode of Moody’s Talks - Emerging Markets Decoded, Thaddeus Best of the Global Emerging Markets team and Anushka Shah of the Sovereign team join host Ariane Ortiz-Bollin to discuss the resilience of most emerging markets to tightening financial conditions, as well as the implications for reform prospects in lower-income countries.Related content on Moodys.com (some content only available to registered users or subscribers): Most EMs will avert debt crisis but frontier markets are exposed to turning credit cycleSome lower-income economies have strengthened their credit quality through a range of policies  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Emerging Markets Decoded, Ada Li and Roxana Munoz of the Infrastructure and Project Finance team join host Thaddeus Best to discuss how climate change is undermining green and conventional power generation.Related content on Moodys.com (some content only available to registered users or subscribers): APAC power utilities’ credit quality under pressure from rising physical climate risksHydropower development will peak in 2022; environmental risks limit expansion   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Emerging Markets Decoded, Leroy Terrelonge of the Cyber Risk team and Gabriel Torres of the Sovereign team join host Shirin Mohammadi to discuss rising cyber risks for emerging markets and recent attacks on Costa Rica’s government.Related content on Moodys.com (some content only available to registered users or subscribers): Government of Costa Rica: FAQ on the sovereign credit implications of recent cyberattacksGovernment of Costa Rica: Cyberattack disabling key government services is credit negative Cyber Risk – Global: Broad sanctions against Russia raise risks of financially motivated cyberattacks Global – Cyber Risk: Russia-Ukraine tensions increase cyber risks across regions, asset classesCyber Risk – Global: Cyber risk survey of issuers finds growing investments, but gaps in preparedness   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Emerging Markets Decoded, Renzo Merino of the Sovereign team and Nymia Almeida of the Corporates team join host Ariane Ortiz-Bollin to discuss the recent rating downgrades of the Mexican sovereign and state-owned oil company.   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Emerging Markets Decoded, Martin Petch of the Sovereign team and Franco Leung of the Corporates team join host Thaddeus Best to discuss the implications of China’s property sector stress and economic slowdown for global growth.  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Analysts Renzo Merino and Nymia Almeida join host Ariane Ortiz-Bollin to discuss the policy proposals of the candidates vying to be Colombia’s next president and how rising social risks may lead to policy changes with important credit implications.Related content on Moodys.com  (some content only available to registered users or subscribers): https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1328181https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1324262https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1320228  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Moody’s Talks – Emerging Markets Decoded, Ariane Ortiz-Bollin of the Global Emerging Markets team joins host Thaddeus Best to discuss key takeaways from Moody’s recent Global Emerging Markets Summit. Plus, Rachel Chua of the Corporates team reveals which emerging market companies are most exposed to spillovers from the Russia-Ukraine military conflict, and which stand to benefit.Related content on Moodys.com  (some content only available to registered users or subscribers): https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1330110https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1326788https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1327363https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1323369https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1323216https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1327228  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Moody’s Talks – Emerging Markets Decoded, Aurelien Mali and Kathrin Muehlbronner of the Sovereign team join host Shirin Mohammadi to discuss the sociopolitical ramifications of the Russia-Ukraine crisis for the Middle East and Africa by drawing lessons from a similar global food and energy price shock in 2008. Plus, they discuss how the conflict is exacerbating an already precarious situation in Turkey.Related content on Moodys.com (some content only available to registered users or subscribers): Sovereigns – Middle East & Africa: Global food and energy price shock raises risk of political and social unrest fueled by rising inflationGovernment of Turkey: FAQ on Turkey's vulnerability to Russia-Ukraine conflictBanks, securities firms, finance companies – Global: Ripple effects from Ukraine crisis are creating harsher business conditions   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Moody’s Talks – Emerging Markets Decoded, Christian de Guzman and Elisa Parisi-Capone from the Sovereign team join host Thaddeus Best to discuss how Russia’s military conflict with Ukraine is affecting Commonwealth of Independent States (CIS) sovereigns, as well as what stress tests on borrowing costs, exchange rates and capital flows tell us about the sovereigns most exposed to heightened risk aversion.Related content on Moodys.com (some content only available to registered users or subscribers): Sovereigns – Commonwealth of Independent States: Sharp recession in Russia poses immediate sustained risks to CIS credit qualitySovereigns – Global: Frontier, oil-importing MENA sovereigns are most exposed to an extended funding shockEmerging Markets – Global Russia-Ukraine shock amplifies pandemic-led credit deterioration for many sovereigns  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Moody’s Talks – Emerging Markets Decoded, Steve Wood from the Corporates team joins host Ariane Ortiz-Bollin to discuss how the Russia-Ukraine conflict is affecting the global oil and gas sector, and what this means for carbon transition. Plus, Adrian Garza from the Project and Infrastructure Finance team discusses how a major policy shift in Mexico’s energy sector will delay the move to cleaner energy, weighing on the sovereign, companies and banks.Related content on Moodys.com (some content only available to registered users or subscribers): Oil & Gas – Global: FAQ on how ESG considerations affect energy sector credit quality Carbon Transition – Mexico: Policy shift will dampen private investment, delaying country’s path to cleaner energy  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.