Moody’s proprietary indicators and data point to months of stress for emerging market sovereigns, sub-sovereigns, companies and financial institutions because of coronavirus pandemic-related global economic and financial upheaval.
While financial conditions are gradually stabilizing for most major emerging markets, the coronavirus pandemic’s shock to growth, earnings and debt burdens will increase credit vulnerabilities in the second half of 2020.
Sarah Carlson of the Sovereign team examines Turkey’s economic and credit prospects following the coronavirus shock. Plus, Merxe Tudela Carreres of the Model Development group discusses the findings of Moody’s new EM Financial Conditions Indicators series.
