";s:4:"text";s:18530:"The 2020 global corporate default tally has reached 57 this week after six defaults, three of which were U.S.-based retailers including J.C. Penney Co. Inc., The Neiman Marcus Group LLC, and Mister Car Wash Holdings Inc. Moody's Corporation reported revenue of $1.4 billion for the three months ended September 30, 2020, up 9% from the prior-year period. 06 Disclosures. ... Fitch Solutions, Moody's Corporation. Moody’s intends to reach net-zero emissions by 2050, consistent with its commitment to the United Nations … “We are proud to have exceeded our environmental sustainability targets, and to have fully implemented climate-related risk awareness and opportunities into Moody’s … Sources: BCBS, Moody's Analytics . Moody's – Distressed corporate ratings list hit its record worst in 2020; defaults to keep rising through Q1 2021 Moody's said the baseline default forecast assumes a sharp downturn in the global economy during the first half of the year, followed by a recovery later in the year and into 2021. Default Recovery Database (DRD) ... Descriptive frameworks underlying Moody's ratings. Moody's Corporation reported revenue of $1.4 billion for the three months ended September 30, 2020, up 9% from the prior-year period. Throughout 2020, MIS played a vital role in the continued efficient functioning of global debt capital markets, rating more than $5.5 trillion in global debt issuance. We pivoted to virtual engagement, resulting in greater customer interaction that ultimately translated to a 300% increase in attendance at Moody’s events in 2020. Moody's Corporation 7 World Trade Center at 250 Greenwich Street New York, NY 10007 +1.212.553.0300 ir@moodys.com Foreign currency translation favorably impacted Moody… However, the baseline trailing 12month - default rate is projected to fall below 4% by the end of 2021. Moody's - credit ratings, research, tools and analysis for the global capital markets. Coronavirus blog. Amid increasingly extreme weather events and growing awareness of the severity of climate change, investors, banks, insurers and companies must identify, quantify and manage their climate-related risks. 22 JUN 2021. Moody's said the city's access to external borrowing was constrained, hence its failure to secure new borrowing so far in 2021. Moody’s Investors Service has forecast a 3.7% speculative-grade corporate default rate by October 2020. Moody’s publishes 2020 Stakeholder Sustainability Report. It may not be copied, transferred or disseminated unless authorized under a contract with Moody's or otherwise authorized in writing by Moody's. KUALA LUMPUR, April 13 ― Moody's Investors Service expects the global default rate to rise to 10.6 per cent at end-2020 and edge higher to 11.3 per cent by end-March 2021 compared with the March 2020 level of 3.5 per cent. 13 Aug 2020: Sector In-Depth The causes of sovereign defaults: 19 May 2020: Sector In-Depth Sovereign defaults, deposit freezes and private-sector external debt moratoriums: 13 May 2020: Data Report Sovereign default and recovery rates, 1983-2019: 13 May 2020: Data Report Sovereign Default and Recovery Rates, 1983-2019 - Excel Data 22 April 2020 Please see the ratings section at the end of this report for more information. In 2020, Moody’s exceeded its 50% reduction target in Scope 1 and 2 GHG emissions by 2030, largely through the procurement of renewable electricity. COVID-19 has become, and will likely continue to be, a major driver of credit risk. 2. Contact Us. Structured Finance: May 2021 structured rating … The credit profile of African Development Bank (AfDB) is supported by the bank's robust capital buffers and superior risk management, which mitigate risks arising from the low credit quality of the bank’s loan portfolio. Media Relations. kitty.chan@moodys.com. Awards. credit ratings issued by moody's investors service, inc. and/or its credit ratings affiliates are moody’s current opinions of the relative future credit risk of entities, credit commitments, or debt or debt-like securities, and materials, products, services and information published by moody’s (collectively, “publications”) may include such High-Yield Loan Default Rate: % U.S. Rating Action: Moody's assigns Aa3 to NYC TFA Building Aid Revenue Bonds Fiscal 2022 Series S-1; outlook positive 09 Jul 2021 New York, July 09, 2021 -- Moody's Investors Service has assigned a Aa3 rating to the New York City Citigroup C and its rated subsidiaries’ long-term debt, deposits and counterparty risk ratings have been affirmed by Moody’s Investors Service. Published. This affected more than $13 billion in leveraged loans and $4 billion in bonds. ... according to a recent Moody’s report. Overview. High yield default rate rising to ~8%2 Macro Assumptions Underpinning Our Outlook 1. Jennifer.Tennant@moodys.com Corporate Default and Recovery Rates, 1920-2009 Summary This report comprises Moody's twenty-third annual default study in which we update statistics on the default, loss, and rating transition experience of corporate bond and loan issuers for 2009, as well as for the historical period since 1920. 24 January 2020 RATING General Obligation (or GO ... 1 The rating referenced in this report is the issuer’s General Obligation (GO) rating or its highest public rating that is GO-related. APAC corporates experienced a very steep credit quality decline following the global outbreak of the COVID-19 pandemic. The ratings and outlook shown reflect information as of the publication date. The rating definitions of 'CCC' ("substantial credit risk: default is a real possibility") and 'CC' ("very high levels of credit risk: default of some kind appears probable") and historical experience imply a likelihood of further defaults in 2020. ... NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. Rating Action: Moody's assigns Aa1 to NYC GO Fiscal 2020 Series A and Fiscal 2006 Series H, Subseries H-A; outlook stable 19 Jul 2019 New York, July 19, 2019 -- Moody's Investors Service has assigned Aa1 ratings to the City of New York's Insights. Assumptions underpinning guidance that was issued on October 29, 2020. Moody’s forecasts a 3.6% trailing 12-month high-yield non-financial corporate default rate for Asia Pacific at the end of 2021, down from 7.3% in 2020, under its baseline scenario of economic recovery in Asia and continued fiscal and monetary policy support, the firm said in a recently published report. Moody's Corporation 1Q 2021 revenue of $1.6 billion, up 24% from 1Q 2020 Moody's Investors Service revenue of $1.0 billion, up 30%; Moody’s Analytics revenue of $564 million, up 14%, excluding acquisitions up 10% 1Q 2021 diluted EPS of $3.90, up 52% from 1Q 2020; adjusted diluted EPS of $4.06, up. For countries without a Moody's rating but with an S&P rating, I use the Moody's equivalent of the S&P rating. learn more. Briefly, we find that: Moody's Corporation Q2 ... direct your attention to the Management's Discussion and Analysis section and the risk factors discussed in our annual report on Form 10-K … KUALA LUMPUR, April 13 ― Moody's Investors Service expects the global default rate to rise to 10.6 per cent at end-2020 and edge higher to 11.3 per cent by end-March 2021 compared with the March 2020 level of 3.5 per cent. Effective Validation Webinar – May 2020 2 Moody's Analytics operates independently of the credit ratings activities of Moody's Investors Service. Gender & Finance. 10 May 2021 | Moody's Investors Service Ten Moody’s-rated companies defaulted in April, the highest number since December 2020, but the 12-month global corporate speculative-grade default rate fell to 5.6% from 6.3% in March because a large batch of early 2020 defaults have exited the trailing-year period. Share A-A + 100%. Moody's commitment and expertise contributes to transparent and integrated financial markets. Climate Solutions. ... NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. By the end of January 2021, the median EDF™ (Expected Default Frequency) value of APAC corporate firms was 0.64%, retreating from a high of 0.97%at theend of March 2020. Moody's Corporation reported revenue of $1.6 billion for the three months ended June 30, 2021, up 8% from the prior-year period. Default OR IMPAIRMENT and the Caribbean climbed to 6.5 % in February 2021 from 0.9 a! 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