U.S. Intervention in Venezuela: Market implications
U.S. forces captured Nicolás Maduro and his wife, Cilia Flores, in Caracas through an operation that included air strikes on military targets. President Trump stated that his administration will temporarily assume control of Venezuela’s governance. Venezuela’s Supreme Court subsequently appointed Delcy Rodríguez as interim president, leaving open the possibility that she could remain in power […]
Private debt under pressure in a more challenging environment
Private debt, though a core component of institutional portfolios for several years, is currently experiencing strong growth. However, a challenging macroeconomic backdrop and multiple structural forces are reshaping the dynamics of private financing. Aging populations and declining birth rates are reducing demographic growth, further increasing the cost of capital. At the same time, the energy […]
Moody’s Downgrades U.S. Credit Rating: Here’s What It Means
Moody’s has lowered the U.S. credit rating to Aa1, citing the ongoing rise in public debt and the increasing cost of servicing that debt in today’s high-rate environment. This move means the U.S. has officially lost its last AAA rating, after similar downgrades by S&P in 2011 and Fitch in 2023. While the news highlights growing fiscal concerns, it’s not entirely […]
