2Q 2020 Investor Presentation
Managing Ratings in Turbulent Times
Transparency and relevance of credit ratings through the cycle
Order sectors by degree
of exposure
Top 10 sectors
most affected
by COVID-191
010
SECTOR
Order issuers by
vulnerability
within each sector
Transportation: Consumer
Hotel, Gaming & Leisure
Automotive
Retail
Reassess all
ratings in the most
vulnerable sectors
Mar 1 June 30, 2020
á
Reassess ratings
of the most
vulnerable issuers
in the moderately
vulnerable sectors
% DOWNGRADED WITHIN SECTOR
88
78
Monitor credit profiles
associated with all other
ratings and reassess those
with special situations
that merit prompt
reconsideration
*
Coordinate
analytical views
and sequencing
of rating actions
Global corporate default rates ended June 20202
။။။။
Take account of
government policy
measures designed to
soften the effects
of coronavirus
Aaa
0.0%
44)
Аа
0.0%
41
A
0.0%
36
Baa
0.1%
36
Ba
0.3%
B
2.4%
33
Caa_C
%
33
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
Services: Consumer
Energy: Oil & Gas
Advertising, Printing & Publishing
33
Consumer goods: Durable
Aerospace & Defense
A Services: Business
wwww29
1. Includes all publicly-rated nonfinancial corporate entities; excludes subsidiaries and project finance-related corporations.
2. Trailing twelve months; Source: Moody's Investors Service.
MOODY'S
2Q 2020 Investor Presentation - August 11, 2020 26View entire presentation