Clarity in Credit
Clarity in Credit
Podcast Description
Join experts from Morningstar DBRS in conversations that go beyond the credit ratings and features in-depth analysis of the latest research, current events, and key credit considerations facing sovereigns, financial institutions, and corporations.
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Content Themes
The podcast explores pressing topics in credit analysis, primarily focusing on sovereigns, financial institutions, and corporations. Episodes delve into current events, like the impact of the conflict in Ukraine on European defense spending, with episodes discussing themes such as military procurement strategies and funding challenges for defense investments.
Join experts from Morningstar DBRS in conversations that go beyond the credit ratings and features in-depth analysis of the latest research, current events, and key credit considerations facing sovereigns, financial institutions, and corporations.
In the first episode of the Morningstar DBRS “Clarity in Credit” podcast, Arnaud Journois, Senior Vice President of European Financial Institution Ratings, and Jason Graffam, Senior Vice President of Global Sovereign & Financial Institution Ratings, are joined by Chloe Blais, Vice President of European Corporate Ratings, to discuss the European defense sector.
European Union defense spending is expected to increase further from all-time high levels seen in 2024 as the conflict in Ukraine has continued. While governments and financial institutions are expected to facilitate this expansion by expediting approval processes and providing financing, the corporate sector will play a critical role in the build-out of the European defense capacity. Morningstar DBRS’ analysts discuss where new military procurements will come from as well as capacity constraints and expected timelines. Journois, Graffam, and Blais also examine how governments will fund the capital required for further investments in defense, highlighting the challenges this expansion will bring and the potential effects on credit.
Related Content:
- Rethinking Bank Funding to the European Defence Sector: https://dbrs.morningstar.com/research/449341
- Ammunition for Future Growth: Benefits to Defence Sector From Rising European Budgets Will Take Time to Materialise: https://dbrs.morningstar.com/research/449460
- Germany’s Elections: Ramping Up Defence Spending Will Require Significant Policy Compromises: https://dbrs.morningstar.com/research/448493
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