3Q 2021 Investor Presentation
Macro Assumptions Underpinning Our Outlook¹
2021 GDP
5.5% 6.5% United States
-
4.5% -5.5% Euro area
5.5% 6.5% Global
-
U.S. unemployment rate to
remain below 5%
Benchmark rates to increase
gradually from historic lows;
U.S. high yield spreads to
slightly widen but remain
below the historical average
of ~500 bps
Global high yield default rate
to fall below 2% by the end
of 2021
嗰
1.
See press release titled "Moody's Corporation Reports Results for Third Quarter 2021" from October 28, 2021 for Moody's complete full year 2021 guidance.
Sources: High yield spreads, default rate and unemployment assumptions sourced from Moody's Investors Service "September 2021 Default Report" published October 11, 2021; GDP assumption as of October 28, 2021 from Moody's
Investors Service and consensus estimates.
Moody's | Better decisions
3Q 2021 Investor Presentation
10View entire presentation