From global macroeconomic trends to sovereign credit developments to regulatory and political changes, ֳ’s Fixed Interests podcast delivers the analyst insights and updates you need to stay ahead in a rapidly evolving market.
ֳ believes that the Reserve Bank of India’s draft regulations for gold-backed loans offer greater clarity to market participants.
North American airlines are facing a period of softer demand concentrated in U.S. domestic leisure travel as consumers pull back on discretionary spending, with ֳ now expecting revenue passenger miles to be flat to modestly down in 2025.
Retaliation by trade partners remains a risk for U.S. corporate sectors despite some near-term reprieve from the 90-day pause on reciprocal tariffs, as trade tensions with China remain high, even after the temporary exemptions on some electronics.
Rapid growth in the Uzbek insurance sector is being driven by business lines with significant underwriting risk, which could lead to volatility in insurers’ financial performance.
Global insurers face rising regulatory costs linked to structural shifts in the life sector, and to climate change and artificial intelligence (AI) as industry supervisors intensify their response to mounting risks.
The Indonesian banking sector’s recent deposit liquidity tightness is transient, reflecting the normalisation of monetary operations rather than a sign of structural liquidity shortage or distress.
In response to the severe escalation in the global trade war, ֳ has sharply lowered its 2025 forecasts by 0.4pp for world growth and by 0.5pp for China and US growth from the March edition of its Global Economic Outlook (GEO).
In this video, our senior analyst takes stock of the key drivers impacting the Malaysia debt capital market and share their outlook for the rest of 2025. Here is Muhammad Luthfi Bagja Aulia.
US tariffs have reached levels that are transforming the global economic outlook, significantly raising US recession risks and constraining the Fed’s ability to lower rates further. The “Liberation Day” tariff hikes sharply exceeded our expectations.
The 25% tariffs imposed on auto imports into the U.S. will raise prices and put downward pressure on demand. Credit implications for auto and parts manufacturers are broadly negative but vary by issuer.
Reforms and major cuts to federal government operations by the Department of Government Efficiency (DOGE) established under the Trump administration could have credit implications for some U.S. corporate sectors.
A lower capital adequacy benchmark for Korean insurers will ease their capital burden and raise their flexibility. The launch of core capital requirement will enhance capital quality and minimize risk of insurers’ excessive reliance on capital bonds.
A significant increase in US tariffs on imports will pressure revenue growth and profitability for most corporate sectors globally, although the impact will vary depending on trade exposure. A weakening world economy will have broader consequences.
Major cuts to Medicaid would negatively affect not-for-profit (NFP) hospital operating margins and revenues. The recently passed budget resolution could also exacerbate margin pressures for health insurers participating in Medicaid.
In this video, our senior analyst explores the global ESG sukuk market, highlighting the recent market developments and share the ESG sukuk outlook for the rest of 2025. Here is Amjad Alkabra on ESG sukuk.
ֳ’s commitment to supporting Islamic capital market participants through ratings, research, and leadership has helped shape the Islamic Finance landscape for over a decade.
Recently announced US tariffs on steel and aluminium imports will increase commodity price volatility and regional price disparities. Broader commodity markets may be affected by the economic consequences from the US tariffs on imports from China.
Private credit is not currently a systemic risk, but evolving structures, new asset classes and growing interconnectedness require careful monitoring.
The recently announced US tariffs on imports from Mexico, Canada and China highlight that the Trump administration will threaten, and may be willing to deploy, a much more aggressive trade policy than envisaged in ֳ’s baseline assumptions.