Moody's: Russia-Ukraine conflict raises credit risks for emerging market companies

19/5/2022 5:28:00 PM

Ukraine-Russia Crisis: Moody's: Russia-Ukraine conflict raises credit risks for emerging market companies - Bernama

Ukraine-Russia Crisis: Moody's: Russia-Ukraine conflict raises credit risks for emerging market companies - Bernama

KUALA LUMPUR (May 19): Nearly a third of rated nonfinancial companies in emerging markets would face heightened credit risks under a downside scenario in which, Russia’s invasion of Ukraine triggers a global recession and liquidity squeeze, Moody’s Investors Service said in a report on Thursday (May 19).The credit rating firm said under its baseline scenario, which assumed that commodity shocks and higher inflation and interest rates would result in lower global growth through 2023, the figure would be 8%.“Even if

KUALA LUMPUR (May 19): Nearly a third of rated nonfinancial companies in emerging markets would face heightened credit risks under a downside scenario in which, Russia’s invasion of Ukraine triggers a global recession and liquidity squeeze, Moody’s Investors Service said in a report on Thursday (May 19).

The credit rating firm said under its baseline scenario, which assumed that commodity shocks and higher inflation and interest rates would result in lower global growth through 2023, the figure would be 8%.“Even if ceasefires are negotiated, sanctions on Russia will remain in place through next year at least.

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A KUALA LUMPUR (May 19): Nearly a third of rated nonfinancial companies in emerging markets would face heightened credit risks under a downside scenario in which, Russia’s invasion of Ukraine triggers a global recession and liquidity squeeze, Moody’s Investors Service said in a report on Thursday (May 19).Telegram channel for the latest updates.for the latest news you need to know.for the latest news you need to know.

The credit rating firm said under its baseline scenario, which assumed that commodity shocks and higher inflation and interest rates would result in lower global growth through 2023, the figure would be 8%. “Even if ceasefires are negotiated, sanctions on Russia will remain in place through next year at least. The applications came after more than 250 Ukrainian fighters surrendered to Russian forces at the Azovstal steelworks in Mariupol after weeks of resistance, bringing an end to the most devastating siege of Russia’s war in Ukraine. “The downside scenario assumes that a recession in Europe, potentially caused by a suspension of energy trade between Russia and Europe, triggers a global recession and severe liquidity squeeze and geopolitical risks remain high,” it said. Little is known about the specifics of the new laser. Vice president/senior analyst Rachel Chua said most nonfinancial emerging market companies that the financial services company rated have limited direct economic and financial links with Russia and Ukraine but would be affected by higher food and commodity prices and financial market disruptions, which would limit their capital market access. It also brings about an expansion of the Western alliance that Russian President Vladimir Putin had long invoked as one of the main justifications for ordering his “special military operation” in Ukraine in February. She said the credit implications for companies vary, depending on their exposure to these channels and their capacity to offset the effects of these shocks. “The state is making utmost efforts to carry out the rescue of our service personnel,” military spokesman Oleksandr Motuzaynik told a news conference.

The report said consumer-focused sectors that use commodities as inputs are most exposed to rising prices and industries such as automotive manufacturing are at risk from surging input costs and continued supply chain disruptions. Ratification of all 30 allied parliaments could take up to a year, diplomats say. He said there were already more powerful systems than Peresvet that could burn up drones and other equipment. “Commodity-focused sectors will benefit from the conflict because supply disruptions will keep prices for their products high. “The metals and mining and oil and gas industries have the highest proportion of companies that will benefit from these higher prices,” it added. Ankara has said it wants the Nordic countries to halt support for Kurdish militant groups present on their territory and lift bans on some sales of arms to Turkey. Subscribe to Mid-day email alert We deliver news to your inbox daily . Asked if such weapons were being used in Ukraine, Borisov said: “Yes.