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Our periodic roundup of key takeaways from our articles brings together all of S&P Global Ratings’ coronavirus-related research—including our regularly updated list of rating actions we have taken globally on corporations, sovereigns, and project finance.
Global Actions On Corporations, Sovereigns, International Public Finance, And Project Finance To Date In 2021
S&P Global Ratings has downgraded 1,361 global corporate (financial and nonfinancial) and sovereign issuers since Feb 3, 2020.
Our weekly ratings digest, including key themes, publications, ratings changes, asset class trends, financing conditions, and debt issuance.Read the Weekly Recap
Default, Transition, and Recovery:
Published April 20, 2021
We have revised our estimate for the December 2021 S&P/LSTA Leveraged Loan Index issuer default rate to 2.75% from our prior projection of 3.5% because our outlook for the U.S. economy in 2021 has improved.
Credit Trends: Review Of Ratings Performance Highlights Resilience In 2020
The global coronavirus pandemic led to the deepest recession the world has seen since the Great Depression. Global GDP declined 4% in 2020 amid lockdowns to contain the virus' spread, while governments and central banks stepped in with unprecedented amounts of fiscal and monetary stimulus.
At S&P Global Ratings we are continuously assessing the economic and credit impact of the COVID-19 pandemic around the world. Subscribe to our Coronavirus Bulletin today and we will ensure you have all our latest research and forecasts as they are published.Subscribe to our newsletter
Published April 27, 2021
The Next Generation EU plan could add 1.5% to GDP under our low-impact scenario over the next five years and 4.1% under a high-impact scenario, where we made different assumptions about the timing of disbursements, the absorption of funds, and the size of growth multipliers from public spending.
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U.S. Markets See Inflationary Ghosts; Macroeconomic Signs Disagree
As the U.S. economy looks set for its best year of growth since Beverly Hills Cop and the original Ghostbusters were battling for box-office dominance (that was 1984, for you young'uns), some financial market commentators are suddenly convinced that spiraling inflation is on the horizon--and that the Federal Reserve will be forced to tighten monetary policy sooner than it would like.
The Hydrogen Economy:
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Sustainable Finance Newsletter: April 2021
As of March 31, 2021, we've completed over 70 ESG evaluations. Five public ESG evaluations were released during the past month, including Algonquin Power and Utilities, Enagas S.A., Telefonica S.A., and Grifols S.A We also published several thought leadership pieces, including one outlining the factors influencing the transition finance market and one highlighting key governance trends in 2021.