Investor Presentaiton
Refunding Needs¹ Support MIS Long-term Fundamentals
Debt Maturities: North America Moody's-Rated Corporate Bonds and Loans²
$624
$532
>>>
311
$387
205
$252
23
86
71
105
127
38
■Speculative Grade Bank Loans
■Speculative Grade Bonds
■Investment Grade
191
230
222
186
>>>
2021
2022
2023
2024
Debt Maturities: EMEA Moody's-Rated Corporate Bonds and Loans ³
$554
$521
$495
$442
84
79
62
53
74
34
119
77
■Speculative Grade Bank Loans
■Speculative Grade Bonds
■Investment Grade
»
346
363
363
358
2021
2022
2023
2024
Approximately $1.8 trillion of
non-financial corporate debt
maturing in North America
through 2024, up ~8%4
North America speculative
grade bank loans refinancing
needs up $180 billion, or
-40%4
Four-year debt maturities for
EMEA non-financial corporates
exceed $2 trillion, up ~$200
billion, or 11%4
1.
2.
3.
4.
Non-financial corporates.
Source: Moody's Investors Service, October 2020. Data represents U.S. & Canadian MIS rated corporate bonds & loans.
Source: Moody's Investors Service, October 2020. Data represents EMEA Investment-Grade & EMEA Speculative-Grade.
Comparison to previously provided refinancing needs data for the upcoming four years from 1Q 2020 Investor Presentation.
Prior data: Moody's Investors Service. U.S. & Canadian MIS rated corporate bonds & loans for North America as of January 2020 & EMEA as of July 2019.
Moody's | Better decisions
2Q 2021 Investor Presentation 21View entire presentation