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EUR 662.80 For Business Accounts Only

Speculative-grade non-financial corporates - EMEA: Refinancing risk falls; lower-rated energy, telecoms companies are more exposed

CORPORATES SECTOR IN-DEPTH 5 July 2017 TABLE OF CONTENTS How we carried out the study 2 Refinancing risk over the next four years falls, with more than half of total debt due from 2022 onwards 2 Debt due within two years has decreased 3 The proportion of debt due within two years from lower- rated companies has not changed materially 4 Energy companies are most exposed to refinancing risk; telecom
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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