Sovereign Credit Insights EMEA Edition
June Spotlight: An update on Turkey, Kuwait and Egypt
- Update on Turkey (B2 negative) in light of renewed currency pressures
- Kuwait’s (A1 stable) prospects in light of higher oil prices
- Update on Egypt (B2 Negative) following change in outlook to negative
Update on Turkey (B2 negative) in light of renewed currency pressures
How will the economy perform this year given numerous headwinds? How will Turkey meet its external financing needs this year? Why has the currency weakened again in recent weeks?
Kuwait’s (A1 stable) prospects in light of higher oil prices
What is the rationale behind maintaining the stable outlook amid the current higher oil price environment? What are Kuwait’s longer-term reform prospects?
Update on Egypt (B2 Negative) following change in outlook to negative
To what extent have rising food and fuel import prices, broader inflation dynamics and tightening global financing conditions eroded Egypt’s shock absorption capacity? To what extent does the government’s crisis response and reform track record support the rating?
-
SpeakersDavid Rogovic Vice President - Senior Credit Officer, Sovereign Risk Moody's Investors Service
Lenaic Couderc Analyst, Sub-Sovereign Moody's Ratings
Rafay Ahmad Associate Analyst, Sovereign Risk Group Moody's Investors Service
Serra Battal Associate Analyst, Sovereign Risk Group Moody's Investors Service
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseSign In
Please sign in to your account:
David Rogovic is an Vice President - Senior Analyst in Moody’s Sovereign Risk Group based in New York. David has lead and back-up analyst responsibilities for a number of sovereign and supranational credits in Africa as well as Latin America and the Caribbean. David’s prior experience includes the best part of a decade analyzing sovereign credit risk in Western and Eastern Europe, Russia, Turkey and Asia with J.P. Morgan, Nomura Asset Management and Roubini Global Economics, as well as an earlier stint with S&P’s financial institutions division. David is a Fulbright scholar (Economics Institute, Zagreb) and was awarded a Master of Public Administration from the School of International and Public Affairs at Columbia University and Bachelor of Arts (Economics) from Pace University.
Lenaic Couderc is a lead analyst in the Sub-Sovereign Group, responsible for a portfolio of housing associations and local authorities in the UK. Lenaic joined Moody’s in 2019 as a Ratings Associate in the Sovereign Risk Group, covering a variety of advanced and emerging market European sovereigns.
Lenaic holds a degree in Economics from the Ecole Normale Superieure and a MSc in Financial Economics from the Sorbonne University.
Rafay Ahmad joined Moody’s Sovereign Risk Group in September 2019 and is based in Dubai. He is an Associate Analyst responsible for high-profile Middle-Eastern and African sovereigns such as United Arab Emirates, Kuwait, Oman, Qatar, Nigeria, Ghana, and Ethiopia as well as supranational institutions, including the Islamic Development Bank (IsDB) and International Islamic Trade Finance Corporation (ITFC). Prior to joining Moody’s, Rafay was a student at University of California, Berkeley, from where he holds a double bachelors in Economics and Sociology. During college, Rafay completed internships in investing and investment banking roles in San Francisco. He is fluent in English, Urdu and Hindi.
Serra is an Associate Analyst 1 in the Sovereign Risk Group. She works with Americas and Middle East and North Africa teams. Serra has a master’s degree from Columbia School of International and Public Affairs, and undergraduate degrees in economics and sociology from Bogazici University in Turkey.