Explore our insights on developments shaping credit quality for debt issuers across emerging markets: US policy shifts and geopolitical realignments; increased differentiation in economic growth, financial conditions and currency volatility; domestic policies; commodity prices; debt levels, liquidity and defaults; social and environmental risks; and more. If it affects credit and emerging economies – from Asia-Pacific to Latin America to Central and Eastern Europe, Africa and the Middle East – we are on it.

Latin America Banking System Outlooks 2026


Market focus
01 Global

Global

Read our latest insights on the developments shaping credit conditions and credit quality for emerging market debt issuers across the globe.


MOODY'S RATINGS | Jan 22, 2026

Emerging market credit conditions are favorable

MOODY'S RATINGS | Jan 7, 2026

Oversupply will keep weighing on oil prices in 2026 amid boost for US natural gas exports

MOODY'S RATINGS | Jan 6, 2026

US action in Venezuela poses little immediate change for oil industry

02 China

China

Credit risks are evolving in China with US tariffs, geopolitical realignments and supply-chain reconfigurations – in addition to structural economic changes and protracted adjustments in the domestic property sector. What happens in China – the world’s second-largest economy after the US and the largest emerging economy – reverberates globally.


MOODY'S RATINGS | Dec 8, 2025

Credit conditions in China will remain steady in the first half of 2026

MOODY'S RATINGS | Dec 8, 2025

China financial institutions 2026 outlook: negative

MOODY'S RATINGS | Nov 19, 2025

China corporates 2026 outlook

03 Asia-Pacific

Asia-Pacific

The region’s credit landscape is diverse and includes some of the fastest-growing emerging economies globally including India, Vietnam and the Philippines.


MOODY'S RATINGS | Jan 28, 2026

Asia-Pacific growth outlook stable despite risks from policy and trade uncertainty

MOODY'S RATINGS | Jan 14, 2026

Asia-Pacific company earnings will bolster credit stability in 2026

MOODY'S RATINGS | Dec 5, 2025

Flooding in South and Southeast Asia highlights longer-term risks for governments

04 Latin America

Latin America

These emerging economies vary considerably but most are grappling with still-high interest rates and inflation, limited debt-service options and environmental risks. Mexico is directly exposed to US tariffs.


MOODY'S RATINGS | Jan 7, 2026

Venezuela developments have only limited credit fallout, but raise geopolitical tensions

MOODY'S RATINGS | Dec 11, 2025

Latin American central banks’ profits can affect sovereigns’ fiscal outcomes

MOODY'S RATINGS | Dec 2, 2025

Chilean credit quality set for stability despite non-centrist presidential contenders

05 Central and Eastern Europe, Middle East and Africa

Central and Eastern Europe, Middle East and Africa

A range of factors affects the credit quality of debt issuers in these diverse emerging markets – from geopolitical tensions to environmental risks and from structural reform to economic specialization.


MOODY'S RATINGS | Jan 19, 2026

Middle East and North Africa 2026 outlook

MOODY'S RATINGS | Sep 24, 2025

Exodus of Western banks from Africa offers unprecedented opportunities for local banks

MOODY'S RATINGS | Sep 18, 2025

Credit risk and a saturated market shape access to funding in Central Africa

06 Islamic finance

Islamic finance

Islamic Finance will play an increasingly significant role in global capital markets as they continue to evolve. While the growth in demand remains concentrated around emerging economies in the Middle East and Southeast Asia, momentum is also starting to build in other regions. A keystone of the modern Islamic finance industry is sukuk, which is one of many financial products designed to adhere to the ethical and moral principles of the Islamic faith, as enshrined in Shariah law.


MOODY'S RATINGS | OCT 23, 2025

In Turkiye, growth in Islamic banking will continue to outpace the conventional sector

MOODY'S RATINGS | Sep 10, 2025

Global sukuk market stabilizing, while long-term growth prospects remain strong

MOODY'S RATINGS | Sep 10, 2025

Growing demand for Shariah-compliant products in GCC region driving Islamic banks' profit




A look at the EM governments, nonfinancial companies and financial institutions we rate

 

We rate nearly 1,500 debt issuers in more than 100 emerging markets. Most are nonfinancial companies; most are investment grade; and most are in Asia-Pacific and Latin America.



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Moody's events hub

Browse our curated list of events. Hosted throughout the year across multiple regions and on a wide range of topics, we explore the risks and opportunities behind the most topical market issues. Use our calendar to find webinars and in-person conferences across a variety of sectors, industries, and key risk areas 




Tuesday, Sep 16

Moody's & GCR South Africa Risk Summit

WEdnesday, Sep 24

Moody's and GCR Ratings Kenya Risk Summit 



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