Speculative-grade nonfinancial companies  EMEA: Debt stabilises at $1.6 trillion while stronger earnings will alleviate refinancing needs - Moody's Global Credit Research

Speculative-grade nonfinancial companies EMEA: Debt stabilises at $1.6 trillion while stronger earnings will alleviate refinancing needs

Speculative-grade nonfinancial companies  EMEA: Debt stabilises at $1.6 trillion while stronger earnings will alleviate refinancing needs - Moody's Global Credit Research
Speculative-grade nonfinancial companies EMEA: Debt stabilises at $1.6 trillion while stronger earnings will alleviate refinancing needs
Published Oct 20, 2021
10 pages (5309 words) — Published Oct 20, 2021
Price US$ 750.00  |  Buy this Report Now

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Brief Excerpt:

...+ Overall debt has stabilised after a borrowing spree in 2020, but still remains well above the pre-pandemic level. The total debt of the speculative-grade companies in this report amounts to $1.6 trillion, unchanged since our 2020 report. Of this, $600 billion in bank and bond debt matures in 2022-25, and the same amount thereafter. The changes in debt by sector reflect in part company borrowing in response to the pandemic, but also rating movements and a number of debt-funded transactions. + Telecoms has overtaken autos as the sector with the highest average debt per company. This reflects the new rating of VMED 02 UK Limited (Ba3 stable) in telecoms as well as the upgrade of Fiat Chrysler Automobiles SA (now Stellantis S.A., Baa3 stable) to investment grade in January 2021. The average debt per speculative-grade company is fairly stable in 2021 compared with 2020, at $2.4 billion, versus an average of $11.2 billion at investment-grade companies. + Return to bond markets, stronger cash...

  
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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Speculative-grade nonfinancial companies EMEA: Debt stabilises at $1.6 trillion while stronger earnings will alleviate refinancing needs" Oct 20, 2021. Alacra Store. Nov 30, 2021. <http://www.alacrastore.com/moodys-credit-research/Speculative-grade-nonfinancial-companies-EMEA-Debt-stabilises-at-1-6-trillion-while-stronger-earnings-will-alleviate-refinancing-needs-PBC_1301976>
  
APA:
Moody's Global Credit Research. (). Speculative-grade nonfinancial companies EMEA: Debt stabilises at $1.6 trillion while stronger earnings will alleviate refinancing needs Oct 20, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <http://www.alacrastore.com/moodys-credit-research/Speculative-grade-nonfinancial-companies-EMEA-Debt-stabilises-at-1-6-trillion-while-stronger-earnings-will-alleviate-refinancing-needs-PBC_1301976>
  
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