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Emerging markets need trillions of dollars to fund infrastructure and economic development, but those needs exceed the capacity of governments, institutions and philanthropies. And institutional investors are often reluctant to take on the risks directly.     That's where blended finance comes in.   It combines capital from the public and private sectors to meet each group’s needs and risk-return objectives, while also helping to fill the emerging market financing gap.   In this episode, we explain how the model works and why credit ratings matter here.    Join the conversation in person at our Development Finance Forum in London on 5 November: https://events.moodys.com/2026-development-finance-forum    Host: Matt Robinson, Executive Director - Sovereign Risk and Development Finance Lead, Moody's Ratings    Guests:  Marie Diron, Managing Director, Global Head of Sovereign and Sub-Sovereign Risk, Moody's Ratings Kathrin Muehlbronner, Senior Vice President, Global Multilateral Development Bank (MDB) Lead, Moody's Ratings   Related Research:   Data Story: Blended finance mobilises private capital for development in emerging markets, 12 October 2026 Scaling climate blended finance will take more than credit enhancement, 12 October 2026 Linked environmental risks can limit diversification in blended finance portfolios, 12 October 2026 Explanatory Comment – Political risk insurance helps to mobilize private capital, 14 October 2026Infographic: Higher default risk in emerging-market project finance reinforces role of credit enhancement in mobilizing private capital, 15 October 2026Explanatory Comment — Targeted credit enhancements can unlock project financing, 15 July 2026  Explanatory Comment — Key considerations in assessing blended finance structures, 1 July 2026  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Late-cycle credit pressures are building, as are questions about what’s next for US leveraged finance and CLOs, or collateralized loan obligations.    CLOs raise money from institutional investors to purchase leveraged loans, thus funding corporate borrowers while offering investors a range of risk and return options.    But CLO managers are assuming a defensive position as risks grow, while also preparing for opportunities.     In this episode, we’re looking into what’s driving these decisions and how the data can help decipher the credit impacts.    Host: Paloma San Valentin, Managing Director, North America Corporate Finance, Moody’s Ratings    Guests:   Lyuba Petrova, Managing Director, Global Head of Leveraged Finance, Moody’s Ratings Al Remeza, Executive Director, Head of the US Corporate Structured Finance Surveillance rating team, Moody’s Ratings   Related Research:   Leveraged Finance – US - Late-cycle signals point to rising leveraged finance risk 21 September 2026 Corporate Defaults and Recoveries — US, EMEA – Recovery challenges intensify as credit cycle matures 22 September 2026 CLOs – US – Asset quality improves at expense of par amid low spreads, economic uncertainty 23 September 2026  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Critical minerals are back in the spotlight as the global push for access to those supply chains grows – along with the risks for credit and areas like national security. These elements, like lithium and cobalt, are key components of everything from electric vehicles to semiconductors. A subset, called rare earths, have qualities like magnetic powers and high heat resistance. But just because you have them, doesn’t mean they are ready for use.  There is a complex and expensive extraction and refining process – and China dominates the world’s production capacity. Many countries are years away from refining minerals at the same scale domestically. We discuss how critical minerals have become economic levers, spurred by geopolitical and trade tensions, demand for high-tech defense equipment, investment in AI and data centers, and diversification of energy sources.   Host: William Foster, Senior Vice President, Sovereign Risk, Moody's Ratings   Guests:  Atsi Sheth, Chief Credit Officer, Moody’s Ratings Claire Li, Senior Analyst, Credit Strategy, Moody’s Ratings   Related Research:  Sovereigns – Emerging Markets - Critical minerals boom offers a step up the value chain if structural constraints ease 13 July 2026 Flipbook: Critical mineral and material reliance poses risks to US, but policy support offers relief, 5 November 2025 Critical minerals – China: A detailed view of the sector, 12 June 2025 Artificial Intelligence – Rare earth metals: China’s dominance of critical minerals supply chain creates vulnerabilities for tech firms, 2 July 2025 Moody’s Emerging Markets Credit Risk Insights & Analysis © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Faced with slowing domestic growth and rising geopolitical tensions, China is changing its export strategy and selling different things, to different customers, in different places.  Electric vehicles, solar panels and AI-enabled services are replacing low-cost manufactured goods. And the destination? Increasingly, emerging markets in Southeast Asia, Latin America and beyond. China's evolving overseas footprint will have far-reaching credit consequences. From autos in Europe to metals in Latin America and clean energy infrastructure in Asia, this is a global story with local credit impact. The looming question remains: who can adapt and who will buckle under the sustained pressure? Host: Matt Robinson, Associate Managing Director, Moody’s Ratings Guest: Nick Hill, Global Head of Credit Strategy and Guidance, Moody’s Ratings Related Research:  Macroeconomics – China: Overseas investment will accelerate, with focus on select sectors and destinations 30 June 2025 Trade – Asia-Pacific: US focus on origin of imports increases risks for Asia-Pacific supply chains 20 October 2025 Geopolitical risks and China’s excess capacity expose ASEAN economies’ vulnerabilities 2 July 2025 Moody’s Insights – China Growth and Credit © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Emerging markets have weathered a string of global shocks since 2019 with more resilience than in past cycles, supported by stronger policy frameworks, deeper local markets and larger buffers.   We discuss why credit outcomes are increasingly uneven across EMs, how a more fragmented global economy is reshaping trade and financing, and why investors are focusing on country-by-country differentiation.   Looking ahead, we explore what could test that resilience next, including high interest rates, debt-affordability pressures and the policy choices that will separate stronger credits from weaker ones.   Host: William Foster, Senior Vice President, Sovereign Risk, Moody's Ratings   Guests: Atsi Sheth, Chief Credit Officer, Moody’s Ratings; Ariane Ortiz-Bollin, Associate Managing Director, Sovereign Risk, Moody's Ratings   Related Research:   Financial policy is key differentiator of credit quality amid global shocks, 07 May 2026 Low-rated sovereigns' credit quality is recovering but is weaker than a decade ago, 06 May 2026 Early policy reform and strong buffers support resilience to global shocks, 05 May 2026  Middle East Conflict – India: Energy shock fuels external, inflationary and sectoral risks, 20 April 2026 Corporates – Indonesia: Policy uncertainty will constrain credit strength as regulatory intervention rises, 16 April 2026 Sovereigns – Global: Middle East shock will test sovereigns with limited credit buffers, 7 April 2026 Sub-Saharan African Macro Monitor: Financing needs will remain broadly stable in 2026,  31 March 2026 © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The private credit market has morphed into a powerhouse, deriving its allure from low volatility, stable and high predictable returns.   But less than a year after the so-called “golden age” of private credit, the asset class is now grappling with a period of uncertainty following its astronomical growth.    That volatility includes a wave of redemptions – when investors go to credit funds and ask for their money back — on top of disruption from AI and calls for more transparency. The wildcard of retail investors also raises the stakes.   In this episode, we discuss the negative outlook for perpetual non-traded BDCs (Business Development Companies), the impact from the Middle East conflict, exposure for the software sector, and what regulators might do next.   Host: Gabriel Agostini, Assistant Vice President, Credit Strategy and Research, Moody’s Ratings   Guests: Marc Pinto, Global Head of Private Credit, Moody’s Ratings; Atsi Sheth, Chief Credit Officer, Moody’s Ratings    Related Research:  Private Credit – Global Volatility will intensify focus on liquidity, transparency 22 April 2026 Business Development Companies – US – Outlook changes to negative on increased redemption pressures, higher leverage 7 April 2026 Private Credit – North America – Credit Estimates point to eroding credit quality among middle-market borrowers 13 April 2026 Banks – US – Aggregate loan exposure to non-depository financial institutions rises to $1.4 trillion 31 March 2026 Moody’s Private Credit Insights © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Streaming giant Netflix withdrew its bid for Warner Brothers Discovery on the eve of this year’s Oscars, but it doesn’t mean Paramount has won the battle for dominance over the media landscape. Regulators still must approve the deal, and Paramount’s offer comes with huge debt.    In this first episode of Credit Currents, a new video podcast series from Moody’s Ratings, we reveal the stakes at play for traditional film and TV studios, the exponential value of intellectual property (IP), and how massive acquisitions can create credit risk.   We also consider the potentially significant impact of AI on viewing habits and customer preferences.    Host: Patrick Ronk, Vice President, Senior Analyst, Moody’s Ratings    Guest: Emile El Nems, Vice President, Senior Credit Officer, Moody’s Ratings   Related Research:  Media, Telecommunications – US – Media's significant consolidation, streaming shift continue; more telecom competition 2 Feb 2026 Corporates | Media & Publishing - Netflix, Inc. - Credit Opinion – Update to credit analysis following affirmation and changing outlook to stable 29 Dec 2025 Media & Publishing – US – Large streamers thriving amid intense competition, smaller streamers at risk 16 April 2025   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Streaming giant Netflix withdrew its bid for Warner Brothers Discovery on the eve of this year’s Oscars, but it doesn’t mean Paramount has won the battle for dominance over the media landscape. Regulators still must approve the deal, and Paramount’s offer comes with huge debt.     In the first episode of Credit Currents, a new video podcast series from Moody’s Ratings launching on April 2, 2026, we reveal the stakes at play for traditional film and TV studios, the exponential value of intellectual property (IP), and how massive acquisitions can create credit risk.   We also consider the potentially significant impact of AI on viewing habits and customer preferences.     Host: Patrick Ronk, Vice President, Senior Analyst, Moody’s Ratings     Guest: Emile El Nems, Vice President, Senior Credit Officer, Moody’s Ratings    © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The US Supreme Court's rejection of the raft of US tariffs imposed in 2025 under the International Emergency Economic Powers Act (IEEPA) offers near-term relief for some exporters, but some sectors may still be in the crosshairs.   We discuss the prospect of refunds, the durability of restrictive trade frameworks, and how the US administration will likely tap other legal means to achieve its trade agenda.   This comes amid upheaval from the Middle East conflict which is rippling across sectors and deepening the uncertainty.   Host: William Foster, Senior Vice President, Sovereign Risk, Moody's Ratings    Guests: Atsi Sheth, Chief Credit Officer, Moody’s Ratings   Related Research:  Tariffs – Global – Trade deal commitments and new tariffs diminish effects of IEEPA ruling 3 March 2026 Tariffs – US – FAQ: Trade uncertainty will persist after Supreme Court rules on IEEPA tariffs 19 Feb 2026 Government Policy – US – Midterm dynamics and 'America First' agenda to shape credit in 2026 19 Feb 2026 Moody’s Tariff Tracker   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this episode. © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What happens when technology starts automating and augmenting the cognitive tasks that form the backbone of many professions?    The stakes are high: companies are reorganizing, workers are anxious, and major investors are pouring billions into models, chips and data centers. Meanwhile, governments face important decisions on how to minimize social disruption from AI, while maximizing economic gains.    Explore which jobs are most exposed, what factors could boost productivity gains, and the steps governments are taking to manage the transition: https://www.moodys.com/ai-insights   Host: Gabriel Agostini, Assistant Vice President, Credit Strategy and Research, Moody’s Ratings   Guests: Ana Rayes, Vice President, Senior Analyst, Moody’s Ratings; Elisa Parisi-Capone, Vice President, Senior Analyst, Moody’s Ratings   Related Research: Artificial Intelligence – Global – AI productivity gains to hinge on demographics and occupational structures 23 Feb 2026 Artificial Intelligence – Global – AI will reshape the nature of labor, with varying social risks across economies 24 Feb 2026   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Climate-driven shocks are rippling across sectors, from rising insurance premiums to lower property prices and tax revenue.   With the costs of severe weather rising, Moody’s experts share their insights into key themes and possible solutions.   Learn more at https://www.moodys.com/outlooks   Explore our outlook: https://www.moodys.com/web/en/us/insights/credit-risk/outlooks/global-sustainable-finance.html   Want to know more on the sustainable finance trends in 2026? Join us: EMEA/US: https://events.moodys.com/2026-mie26362-sustainable-finance-outlook-emea-usaAPAC: https://events.moodys.com/2026-mip26493-sustainable-finance-outlook-apac  Host: Chandra Ghosal, Vice President, Senior Credit Officer, Moody’s Ratings   Guests: Jennifer Chang, Vice President, Senior Credit Officer, Moody’s Ratings; Sarah Hibler, Associate Managing Director, Moody’s Ratings   Related Research:  Sustainable Finance – Global – 2026 Outlook – Transition shifts, extreme weather and AI boom drive credit risks 13 Jan 2026Emerging economies are most exposed to the credit effects of severe weather 30 Oct 2025US Public Finance – Florida – Miami Cat-5 storm would test economy and insurance market even with federal aid 24 Sep 2025Environmental Risk – Global – Adaptation can support credit strength, but faces race to keep up with climate risks 22 Sept 2025Property & Casualty – US – California wildfires — one year later, insurers have absorbed losses 14 Jan 2026  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.   © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

New and emerging digital technologies are connecting previously siloed areas of finance.   The convergence of traditional finance with digital assets, the rapid evolution of blockchain and AI, and the growing influence of cyber risks across sectors will create both challenges and opportunities.    In this episode, we speak with Moody’s experts to understand the risks, innovations, and financing needs shaping global financial markets.   Learn more at https://www.moodys.com/outlooks    Host: William Foster, Senior Vice President, Sovereign Risk, Moody's Ratings    Guests: Fabian Astic, Managing Director, Global Head of Digital Economy, Moody’s Ratings; Lesley Ritter, Senior Vice President, Cyber Credit Risk, Moody’s Ratings   Related Research:  Cyber Risk – Global -- 2026 Outlook - Cyber threats will intensify as AI tools proliferate 8 Jan 2026Digital Economy – Global – 2026 Outlook - Digital finance links diverse market segments, raising efficiency, risks 05 Jan 2026Digital Transformation – Global – Digitalization reshapes private credit, emerging markets, transition finance 01 Dec 2025Cyber Risk – Global - Weak artificial intelligence governance practices pose growing risk of data breaches 01 Oct 2025  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AI is fueling a boom in data centers, and the world’s biggest hyperscalers are pouring billions into building up their capacity.    But risks of an AI bubble and circular deals involving companies like OpenAI and Microsoft are worrying investors.   Learn more about data center growth in 2026 and other sector outlooks: moodys.com/outlooks   Host: Paloma San Valentin, Managing Director, North America Corporate Finance, Moody’s Ratings    Guests: John Medina, Senior Vice President, Moody's Ratings; Raj Joshi, Senior Vice President, Moody’s Ratings   Related Research:  Artificial Intelligence – Global - 2026 Outlook - Risks are rising in a shifting AI landscape 08 Dec 2025Artificial Intelligence - Global - OpenAI's huge footprint is a risk for the AI value chain 05 Dec 2025Data Centers – US - Broadening array of financing approaches attract new capital as data centers scale up 03 Dec 2025  © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Differing views on politics and the economy are making it harder for lawmakers to agree on issues like trade, immigration, regulation and fiscal policy. In this episode, Moody’s Ratings experts unpack the risk to credit in 2026 and repercussions for businesses and consumers.    Learn more and watch the full episode at moodys.com/outlooks    Host: Paloma San Valentin, Managing Director, North America Corporate Finance, Moody’s Ratings    Guest: Atsi Sheth, Chief Credit Officer, Moody’s Ratings    Related Research:  Credit Conditions – Global – 2026 Outlook – Politics, innovation and extreme weather will drive credit conditions 10 Nov 2025Sovereigns - Global - 2026 Outlook - Negative as policy, political risks outweigh pockets of resilience 13 Nov 2025Government Policy – US – How credit effects of tax and spending shifts vary across sectors 31 Jul 2025 © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Extreme weather is intensifying, and funding for adaptation measures remains a challenge. Emerging markets face growing economic and credit risks given limited resilience and insurance protection.    In this new video podcast ahead of the COP30 meeting in Belém, Brazil, our Moody’s experts discuss whether innovative private and multilateral finance are the answers to bridging the gap. Watch the full episode at: moodys.com/sustainable-finance   Host: Colin Ellis, Head of Centre for Credit Research, Moody’s Ratings   Guests: Rahul Ghosh, Global Head of Sustainable Finance, Moody’s Ratings; Marie Diron, Global Head of Sovereign and Sub-Sovereign Risk, Moody's Ratings   Related Research: Data Story -- Emerging economies are most exposed to the credit effects of severe weather -- 30 Oct 2025Environmental Risk – Global – Strong water management increases economic resilience to physical climate risk 27 Oct 2025Environmental Risk – Global – Adaptation can support credit strength, but faces race to keep up with climate risks 22 Sep 2025 © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.