Key influential stakeholders including the IMF have reiterated that “private creditors should also provide comparable treatment”, Moody's analysts will revisit the risk of losses for private creditors of DSSI-participating sovereigns that have prompted a number of recent rating actions.
What will be discussed:
- Two months on an increasing number of low-income sovereigns are subscribing to the liquidity relief initiative, with some governments expressly stating their commitment to remain current on private sector obligations.
- Yet private creditors participation remains a possibility given the current and historic position of part of the official sector on the topic, prompting the initiation of a number of reviews for downgrade for some DSSI-participating sovereigns.
- Understanding the circumstances behind why reviews for downgrade have been initiated for some DSSI-participating sovereigns, whereas for others the risks to private sector creditors are already inherently captured in existing rating levels.
- Rahul Ghosh, Senior Vice President - Emerging Markets Research and Outreach (Moderator)
- Matt Robinson, Associate Managing Director
- Lucie Villa, Vice President - Senior Credit Officer
- Aurelien Mali, Vice President - Senior Credit Officer