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Moody's Talks - Focus on Finance

Moody's Investors Service, Ana Arsov, Danielle Reed, Mark Wasden, Bruno Baretta, Donald Robertson

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Hosted by Danielle Reed of Moody's Financial Institutions team, Focus on Finance helps you keep on top of developments within the banking, insurance and asset management sectors — from the impact of tech disrupters and cyber risk to the ongoing effects of ESG and lower-for-longer interest rates. Published by Moody's Investors Service.
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Moody’s Talks – Behind the Bonds

Moody's Investors Service

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On Moody’s Talks - Behind the Bonds, hosts Tania Hall and Jeff Pruzan join analysts from Moody’s corporate finance group worldwide to discuss the market forces shaping credit across industries - from airlines to telecoms and everything in between. These forces include the uneven recovery from the coronavirus pandemic, digital transformation, cyber risk, climate-change imperatives and much more. Please join us as we connect the dots on corporate credit quality.
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Moody's Talks - Muniland

Moody's Investors Service

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Hosted by Nick Samuels of the US Public Finance team, Muniland delves into the latest developments impacting the credit environment for states, local governments, healthcare, higher education and more. In each episode, Moody’s analysts join Nick in exploring the ramifications of the pandemic, climate change, cyber risk, federal policy, pension burdens and other deep-seated challenges.
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Moody's Talks - Securitization Spotlight

Moody's Corporation

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Hosted by Aaron Johnson and Xhensila Pisha of the Structured Finance team, our new Securitization Spotlight podcast series brings you the insight you need to keep on top of corporate and consumer debt securitization markets. From the impact of an evolving regulatory landscape and the ongoing recovery from the pandemic, to the ongoing effects of lower-for-longer interest rates and investors’ growing focus on ESG considerations, Aaron, Xhen and their guests will deliver the analysis that matters.
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show series
 
In the opening segment, we discuss how a host of factors including substantial AI investment underpin our positive outlook for the global diversified information technology sector over the next 12-18 months. Then at 10 minutes, we assess which types of technology companies stand to benefit from all of this AI investment more than others. Guests: Ra…
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In this joint Big Picture-Emerging Market Decoded episode, our regional analysts highlight the key US policy areas to watch in Europe, Asia-Pacific and Latin America -- and discuss which economies and sectors could be at risk if policies were to dramatically change. Guests: Sarah Carlson, Senior Vice President, Sovereign Risk Group, Moody's Ratings…
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The availability and affordability of home insurance is declining as damage from hurricanes and wildfires becomes more frequent. That could have negative implications for property values and tax revenues, particularly in the most disaster-prone states. Guests: Michael Wertz, VP - Senior Analyst, Moody’s Ratings; Denise Rappmund, VP - Senior Analyst…
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Stellar Development Foundation Executive Director and CEO Denelle Dixon explains what the open source blockchain network is doing to make financial services more accessible globally. Speakers: Denelle Dixon, Executive Director and CEO of the Stellar Development Foundation; Farooq Khan, VP-Senior Analyst, Moody’s Ratings Host: Danielle Reed, VP – Se…
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Institutional reforms, policy reversals, debt restructurings and the prospect of new hydrocarbon production are leading to gradual improvement in some sovereigns’ creditworthiness from weak levels. Guest: John Walsh, Analyst, Sovereign Risk Group, Moody's Ratings Host: Vittoria Zoli, Analyst, Credit Strategy & Guidance, Moody's Ratings Related Rese…
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As regulators bolster copyright protections amid widening artificial intelligence use in the music industry, music royalty ABS issuers and other copyright holders will benefit from the protections. Speaker: Giyora Eiger, VP-Sr Credit Officer at Moody's Ratings Host: Aaron Johnson, VP-Senior Research Writer at Moody's Ratings Related Research: Music…
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We discuss European banks’ ability to withstand a severe commercial real estate downturn, and how current property market weakness in APAC and China affects banks and insurers. Speakers: Kathleen Gamper, AVP-Analyst, Moody’s Ratings; Joseph Lin, VP-Senior Analyst, Moody’s Ratings; Qian Zhu, VP-Senior Credit Officer, Moody’s Ratings Hosts: Danielle …
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M&A activity remains robust across corporate sectors, including pharmaceuticals, homebuilding, mining and telecommunications. In our opening segment, we focus in part on how the green transition is driving deals in the mining segment as companies look to control critical minerals used in renewable energy technologies. In our second segment (10:10),…
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Risk exposure is highest for those directly involved in the region’s three main hotspots. But the knock-on economic effects of the tensions have the potential to hurt, or help, other APAC governments. Guest: Anushka Shah, Vice President - Senior Credit Officer, Sovereign Risk Group, Moody's Ratings Host: Vittoria Zoli, Analyst, Credit Strategy & Gu…
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The operating environment for K-12 districts is getting tighter as $190 billion in pandemic support ends, employee costs climb, and declining birthrates reduce the school-age population. Guest: David Levett, VP-Sr. Analyst - Moody’s Ratings Host: Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be availab…
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We talk to QuantCube Technology co-founder and CEO Thanh-Long Huynh about how machine learning and alternative data combined can identify financial trends far ahead of official data. Speakers: Thanh-Long Huynh, co-founder and CEO of QuantCube Technology; Vincent Gusdorf, AMD, Digital Finance and AI Analytics, Moody’s Ratings Hosts: Danielle Reed, V…
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Strong prices, tight policy terms and higher investment yields drive a positive outlook for the global reinsurance sector. Speaker: Brandan Holmes, VP – Senior Credit Officer, Moody’s Ratings Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Reinsurance – Global: Outlook shifts to positive as improvement in risk/r…
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India's large domestic market shields its companies from external shocks, whereas Indonesia's export-dependent commodity sector prompts government efforts to diversify growth. Guests: Rachel Chua, VP-Senior Analyst; Sweta Patodia, AVP-Analyst Host: Vittoria Zoli, Analyst, Credit Strategy & Guidance, Moody's Ratings Related Research: Nonfinancial Co…
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India's large domestic market shields its companies from external shocks, whereas Indonesia's export-dependent commodity sector prompts government efforts to diversify growth. Guests: Rachel Chua, VP-Senior Analyst; Sweta Patodia, AVP-Analyst Host: Vittoria Zoli, Analyst, Credit Strategy & Guidance, Moody's Ratings Related Research: Nonfinancial Co…
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We talk to Alphaledger co-founder and CEO Manish Dutta about his firm’s quest to rebuild the fixed income market’s financial infrastructure, using blockchain. Speakers: Manish Dutta, co-founder and CEO, Alphaledger; Gregory Sobel, AVP-Analyst, Moody’s Ratings Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Local…
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Cyber and climate risk are also high on the agenda at Moody’s summer 2024 insurance conferences in New York and London. Speakers: Audio excerpts from Sarah Williams, Chief Risk Officer, Guardian Life; Brandan Holmes, VP Senior Credit Officer FIG, Moody’s Ratings; Heather Lavallee, CEO, Voya; Joe Brandon, CEO, Allegheny; Sarah Hibler, Associate Mana…
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Challenges include the region’s reliance on fossil fuels to meet energy demand amid population growth, the companies’ weak financials and governments’ reliance on revenue from oil and gas producers. Guests: Roxana Munoz and Carolina Chimenti, both Vice President - Senior Analysts, Corporate Finance Group, Moody's Ratings Host: Vittoria Zoli, Analys…
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Stadium projects are often less financially beneficial than projected for the governments subsidizing them, though a shift toward multipurpose facilities brings the potential for enhanced returns. Guest: Greg Sobel, AVP-Analyst - Moody’s Ratings Host: Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be av…
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Rate hikes in Turkiye have slowed inflation, and confidence in the country’s currency is increasing. The sovereign’s creditworthiness is improving as a result, along with that of Turkish companies. Guests: Kathrin Muehlbronner, Senior Vice President, Sovereign Risk Group, Moody’s Ratings; Iker Ballestero Barrutia, Analyst, Corporate Finance Group, …
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High rates and inflation will continue threatening consumers’ ability to pay their debts in some regions in the coming months, but solid job growth will temper the negative effect on performance. Speakers: Nick Monzillo, VP-Senior Analyst at Moody's Ratings; Gaby Trinkaus, Senior VP/Manager at Moody's Ratings; Gracie Zhou, VP-Senior Analyst at Mood…
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Matthew White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), explains how the regulator is trying to make it safer for financial institutions to expand into digital finance in the region. Speakers: Matthew White, CEO of VARA; Rajeev Barma, SVP and Head of Strategy, Digital Economy, Moody’s Ratings Host: Danielle Reed, VP – Senior Resea…
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The opposition to proposed tax hikes impedes the government’s ability to increase revenue and reduce debt. Similar risks exist for other emerging market sovereigns too. Guest: David Rogovic, Vice President - Senior Credit Officer, Sovereign Risk Group, Moody’s Ratings Host: Scott Phillips, Head of Emerging Markets, Credit Strategy and Research, Moo…
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Our analysts discuss which segments and loan types pose the largest risks to US banks and life insurers, and zero in on concentration risks in asset portfolios. Speakers: Evelyn Ocas Salazar, AVP-Analyst, Moody’s Ratings; Darrell Wheeler, VP-Senior Credit Officer, Moody’s Ratings; Stephen Lynch, VP-Senior Credit Officer, Moody’s Ratings, Hosts: Dan…
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This month our analysts are discussing what’s driving our still positive outlook for the global aerospace and defense sector for the next 12-18 months. Defense budgets are up as a result of rising geopolitical tensions and we expect strong operating profit for these companies. But persistent supply chain issues are delaying the delivery of new plan…
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Higher expenses after a $2.78 billion agreement on student athlete payments pose a credit risk for smaller colleges, which already face rising competition from larger, cheaper institutions. Guests: Patrick Ronk, AVP-Analyst - Moody’s Ratings; Nicole Serrano, VP-Sr Credit Officer ­- Moody’s Ratings Host: Nick Samuels, Senior Vice President, Moody’s …
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We have revised our aggregate EM forecast up slightly to 3.9% for 2024-25 to reflect faster-than-expected growth in some of the largest EMs so far this year. Disinflation continues but is slowing. Speaker: Madhavi Bokil, Senior Vice President, Credit Strategy at Moody's Ratings Host: Vittoria Zoli, Analyst, Emerging Markets at Moody’s Ratings Relat…
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The use of artificial intelligence in collateral underwriting comes with both benefits and risks to structured finance transactions, while jurisdictions take different approaches to AI regulation. Speakers: Peter McNally, VP-Sr Credit Officer at Moody's Ratings; Johann Grieneisen, VP-Senior Analyst at Moody's Ratings Host: Aaron Johnson, VP-Senior …
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Yuval Rooz, CEO of Digital Asset, shares his thoughts on the present and future use cases of blockchain technology at global financial institutions. Speakers: Cristiano Ventricelli, VP – Senior Analyst, Moody’s Ratings; Yuval Rooz, CEO, Digital Asset Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings…
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The creation of a coalition government following 29 May elections will likely support broad policy continuity and reforms, but the risk of government instability and ineffectiveness is significant. Guest: Aurelien Mali, Vice President-Senior Credit Officer, Sovereign Risk Group, Moody's Ratings Host: Scott Phillips, Associate Managing Director, Cre…
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We discuss how differences in regional regulatory regimes and market structures affect life insurers’ allocations to private credit investments, and lay out those investments’ benefits and risks. Speakers: Benjamin Serra, Senior Vice President, Moody’s Ratings; Will Keen-Tomlinson, VP-Senior Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior…
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The pharmaceutical market has exploded in recent years with the rise of new drugs to help treat obesity and diabetes. The shift marks a huge opportunity for the pharmaceutical sector, which is pursuing the diabetes and obesity markets with four blockbuster drugs today: Ozempic and Wegovy from Novo Nordisk, and Mounjaro and Zepbound from Eli Lilly. …
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Spending cuts of $25 billion will ease the deficit, though out-migration of high earners remains a drag on revenue. K-12 education will avoid significant cuts, but is vulnerable if the economy slows. Guests: Matt Butler, VP-Sr Credit Officer - Moody’s Ratings; Helen Cregger, VP-Sr Credit Officer ­- Moody’s Ratings Host: Nick Samuels, Senior Vice Pr…
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Moody’s Ratings experts discuss the fragile recovery and new threats in EMs, including macro conditions, default trends, credit risks for sovereigns and corporates, and bright spots. Host: Scott Phillips, Associate Managing Director, Moody’s Ratings Related Research: Fragile recovery in EM credit conditions will continue Emerging Markets – Global: …
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Moody’s Ratings analysts explain why Japan’s regional banks are vulnerable to yield-curve steepening and predict strong loan growth, and higher funding costs, for India’s non-bank finance companies. Speakers: Kensuke Ogawa, Analyst, Moody’s Ratings; C.J. Wong, AVP- Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s R…
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As the regulatory environment continues to evolve, US and European banks have sought regulatory capital relief by offloading the credit risk of loans they make via special types of transactions. Guests: Warren Kornfeld, Senior Vice President at Moody's Ratings; Nick Monzillo, VP-Senior Analyst at Moody's Ratings; Frank Cerveny, VP-Senior Research A…
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As the regulatory environment continues to evolve, US and European banks have sought regulatory capital relief by offloading the credit risk of loans they make via special types of transactions. Guests: Warren Kornfeld, Senior Vice President at Moody's Ratings; Nick Monzillo, VP-Senior Analyst at Moody's Ratings; Frank Cerveny, VP-Senior Research A…
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We talk to Joe Lyons of Bitsight about the growing risk from deepfakes in the age of GenAI. Speakers: Joe Lyons, VP, Cyber Risk & Ratings Research, Bitsight; Abhi Srivastava, AVP-Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Digital Economy – Cross Region: GenAI-powered deepfakes introd…
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Join Scott Phillips, head of EM at Moody’s Ratings, and Maciej Woznica, portfolio manager at asset management firm Coeli, for a tour of the least-developed emerging markets. Guest: Maciej Woznica, Portfolio Manager, Coeli Host: Scott Phillips, Associate Managing Director, Moody’s Ratings Related Research: Gradual recovery in emerging market credit …
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Shortening the settlement cycle is a complex undertaking for a clearing house and its members, but once the transition is complete, it will reduce counterparty risk. Speakers: Peter Nerby, Senior Vice President, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Exchanges & Clearing Houses – North Am…
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The commodities sector isn’t looking rosy and that is largely due to the outsize influence of China, which is currently in the grip of an economic slowdown. These pressures come on top of geopolitical damage to trade and supply chains, and the energy transition which is increasing global appetite for some commodities and eroding it for others. Our …
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Alternative asset managers seek removal of barriers to private markets for individual investors. Regulators are supportive but also wary of potential dangers. Speakers: Alexandra Aspioti, VP-Senior Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: As individual investors drive growth in pri…
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The default rate will decline to 3.3% by the end of Q1 2025, far below the peak of nearly 15% at the end of 2022 which was driven by the Russia-Ukraine war and China’s property market woes. Guest: Yang Liu, Vice President - Senior Analyst, Moody's Ratings Host: Scott Phillips, Associate Managing Director, Moody’s Ratings Related Research: Corporate…
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As climate issues mount, residents face escalating property insurance costs and, in some cases, difficulty obtaining coverage at all, which threatens to hurt the economy and curtail tax collections. Guests: Bola Kushimo, Vice President - Senior Credit Officer, Moody’s Ratings and Denise Rappmund, Vice President - Senior Analyst, Moody’s Ratings Hos…
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Companies have responded to weather-related losses and higher reconstruction costs with sharp increases in premiums and tighter policy terms, and some have exited high-risk regions. Speakers: Evelyn Ocas Salazar, AVP Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Property & Casualty Insu…
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Moody’s analysts discuss the increased risk for sovereigns from escalation of the Israel-Iran conflict, and then shift to the growing demand for Islamic finance. Guests: Christian Fang, Vice President – Senior Analyst, Sovereign Risk Group, Moody’s Ratings; Badis Shubailat, Assistant Vice President – Analyst, Financial Institutions Group, Moody’s R…
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Should European non-bank direct lenders turn to collateralized loan obligation financing, transaction collateral will likely reflect the wide range of borrowers to which private credit lenders cater. Speakers: Sean Marion, MD-EMEA Structured Finance at Moody's Ratings; Shan Lai, VP-Senior Analyst at Moody's Ratings Host: Aaron Johnson, VP-Senior Re…
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Anthony Moro, CEO of Provenance Blockchain Foundation, joins us to talk about the technology and infrastructure developments shaping the future of financial asset tokenization. Speakers: Rajeev Bamra, SVP and Head of Strategy, Moody’s Ratings; Anthony Moro, CEO, Provenance Blockchain Foundation Host: Danielle Reed, VP – Senior Research Writer, Mood…
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Moody’s analysts explore green finance, discussing greenwashing risk, the EU green loan market, and how clear standards and rules – and blockchain technology – could play a positive role. Speakers: Michael Dion, VP – Senior Analyst, Moody’s Ratings; Alberto Postigo, VP – Senior Credit Officer, Moody’s Ratings; Abhi Srivastava, AVP Analyst, Moody’s …
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The outlook for the global real estate market remains negative with the bumpy economy, tight financing conditions and the surge in remote work. In the US, we expect rental income growth for offices to remain poor overall and apartment income growth to moderate this year with supply up, mostly in parts of the Sunbelt. Globally, Japan is a bright spo…
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Growth will slow in 2024 then stabilize in 2025 in most emerging markets. We have raised our forecasts for Asia, Central-Eastern Europe, the Middle East and Africa but lowered them for Latin America. Host: Scott Phillips, Head of Emerging Markets, Moody's Ratings Speaker: Vittoria Zoli, Analyst - Emerging Markets, Moody's Ratings…
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