Featured Product

    Moody’s Analytics Webinar: Topics@CreditEdge Navigating Choppy Markets - Focus on Asia

    Since the Asia crisis, most countries in Asia have displayed a longer term secular trend of falling default risk.

    In the last twelve months, however, we have seen a significant uptick in equity market volatility in both the US and China, the world’s two largest economies by GDP. Rising credit risk is also apparent from these and other developments in both countries. A key question for investors is whether firms with lower levels of credit risk are likely to outperform during the next turn in the credit cycle. 

    In this 1-hour webinar, our experts present research showing that firms with high credit quality risk and high default risk have tended, on average, to systematically underperform their peers in multiple equity and bond markets spanning the US and Asia. We discuss the impact of shifting yield curves on CreditEdge factor-based strategies as well, and highlight the role of credit risk signals for early warning at the sector level. 

    Speakers

    • Sam Malone, Director of CreditEdge Research
    • Yuki Choi, Associate Director

    CreditEdge navigating choppy markets, focus on Asia

    Click here for the presentation slides. 

    Questions? Email: MA-Webinars@moodys.com

    Related Articles
    Article

    Weekly Market Outlook: Unlike 2008-2009, Few Speak of a Credit Crunch

    Financial markets have recovered in response to massive doses of monetary and fiscal stimulus.

    March 2020 Pdf John Lonski, Yukyung ChoiKatrina Ell, Michael Ferlez, Ryan Sweet
    Webinar-on-Demand

    The COVID-19 Pandemic: Assessing the Impact on Corporate Credit Risk

    In this webinar, we will use Moody’s Analytics EDF metrics to assess the impact COVID-19 has had so far on corporate credit risk.

    Article

    Weekly Market Outlook: Equity Market Volatility Resembles 2008's Final Quarter

    From the perspective of the U.S. equity market, COVID-19 is the worst natural disaster ever. After

    March 2020 Pdf John Lonski, Yukyung ChoiKatrina Ell, Barbara Teixeira Araujo, Ryan Sweet, Michael Ferlez
    Article

    Weekly Market Outlook: High-Yield's Default Risk Metrics Still Trail Worst Stretch of Great Recession

    A March madness of a different sort continues. As of the afternoon of March 12, the market value of U.S. common stock was a deep 26% under its close of January 17, 2020, or the last trading day before COVID-19 first rattled U.S. financial markets.

    March 2020 Pdf John Lonski, Yukyung ChoiKatrina Ell, Barbara Teixeira Araujo, Ryan Sweet, Steven Shields
    Article

    Weekly Market Outlook: Ultra-Low Treasury Yields and Very High VIX Warn of Credit Stress Ahead

    The longer negative sentiment dominates the financial markets, the greater is the danger the loss of confidence will spread to businesses and consumers.

    March 2020 Pdf John Lonski, Yukyung ChoiKatrina Ell, Barbara Teixeira Araujo, Ryan Sweet, Steven Shields
    Article

    Weekly Market Outlook: Fed Rate Cuts May Fall Short of Stabilizing Markets

    Markets are trying to “price-in” an event for which there is no readily known precedent. Volatility will rule until COVID-19-related risks reverse course.

    February 2020 Pdf John Lonski, Yukyung ChoiRyan Sweet, Barbara Teixeira Araujo, Katrina Ell, Michael Ferlez
    Article

    Weekly Market Outlook: Optimism Rules Despite Unfinished Slowing of Core Business Sales

    The market value of U.S. common stock has been setting new record highs with regularity. The market appears to be supremely confident of two things.

    February 2020 Pdf John Lonski, Yukyung ChoiKatrina Ell, Barbara Teixeira Araujo, Ryan Sweet, Steven Shields
    Article

    Dealing With Fallen Angel Risk

    Highly Commended for Best Fixed Income Paper in the 2019 Savvy Investor Awards, this paper tests the early warning power of the CreditEdge Deterioration Probability (DP) metric for Fallen Angel downgrades.

    February 2020 Pdf Dr. Samuel W. MaloneYukyung Choi
    Article

    Weekly Market Outlook: Baa-Rated Corporates Fared Better in 2019

    At the end of 1999, the $510 billion of Baa-rated bonds approximated 24% of the $2.098 trillion of outstanding investment-grade bond obligations of U.S. corporations.

    February 2020 Pdf John Lonski, Yukyung ChoiKatrina Ell, Barbara Teixeira Araujo, Michael Ferlez, Ryan Sweet
    Article

    Weekly Market Outlook: Richly Priced Stocks Fall Short of 1999-2000's Gross Overvaluation

    All else the same, the market value of U.S. common equity needs to rise by another 28% before it matches the severity of its gross overvaluation of 1999-2000.

    February 2020 Pdf John Lonski, Yukyung ChoiKatrina Ell, Barbara Teixeira Araujo, Ryan Sweet, Steven Shields
    RESULTS 1 - 10 OF 161