Credit Trends 2019

Tuesday, January 29, 2019

January 2019

Conference

Credit Trends 2019

The turning credit cycle

Tuesday, 21 may 2019
Lotte hotel seoul

Credit Trends 2019

The turning credit cycle
Tuesday, January 29, 2019
January 2019
Conrad Hong Kong
Hong Kong

Credit Trends 2019

The turning credit cycle

Tuesday, January 29, 2019
January 2019
Conrad Hong Kong
Hong Kong

Credit Trends 2019

The turning credit cycle

Tuesday, January 29, 2019
January 2019
Conrad Hong Kong
Hong Kong

Credit Trends 2019

The turning credit cycle

Tuesday, January 29, 2019
January 2019
Conrad Hong Kong
Hong Kong

Credit Trends 2019

The turning credit cycle

Tuesday, January 29, 2019
January 2019
Conrad Hong Kong
Hong Kong

As the credit cycle turns, what will be the impact across different regions and sectors?

Moody’s Credit Trends will focus on credit outlooks and risks for 2019, as well as the longer-term vulnerabilities to watch out for.  

The event series will engage key market players – investors, issuers, economists, regulators and credit analysts – and look beyond the headlines to provide a comprehensive market view for the year ahead.  

Building on the success of our annual Credit Outlook conferences over the past years, the new Credit Trends series delivers even more global insights by combining investor, issuer and analyst views on key credit drivers for 2019.

Why Attend?

<div class="custom-container w-container"><div class="custom-item-holder alt"><img class="custom-item-icon alt" src="https://global-uploads.webflow.com/59faed4401b9500001e97e74/5ae342314cc19f6883e3c11f_discover2-white.png"><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Keep track of market risks</h1><p class="custom-item-para alt white">Stay informed about global, regional and local market risks and key rating trends</p></div></div><div class="custom-item-holder alt"><img class="custom-item-icon" src="https://global-uploads.webflow.com/59faed4401b9500001e97e74/5ae342ff8cb7533468114601_Analyze%202.png"><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Analyze the credit impact</h1><p class="custom-item-para alt white">Analyze credit outlooks and discover how long-term trends will shape the market in 2019</p></div></div><div class="custom-item-holder alt"><img class="custom-item-icon" src="https://global-uploads.webflow.com/59faed4401b9500001e97e74/5ae3432d0d74803949144d7f_network2.png"><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Engage with your peers</h1><p class="custom-item-para alt white">Engage with the global investor and issuer community and get your questions answered by senior credit analysts</p></div></div></div>

Agenda

08.00          Workshop Registration

08.15          Pre-Conference Workshop

Moody’s approach to assessing environmental, social and governance (ESG) issues

  • Global trends driving integration of ESG into investment processes
  • Moody’s approach to integrating ESG into credit analysis
  • The materiality imperative:
    - Which industries are most exposed to carbon transition and physical climate risks?
    - Which corporate governance practices are most relevant to creditors?
    - Analysing ESG risk for a sector: sovereign credit
  • Bringing it all together: Integrating ESG at the entity level:
    - Local case study

Ian Lewis, Associate Managing Director, Corporate Finance Group, Moody’s

Gloria Tsuen, VP – Senior Credit Officer, Corporate Finance Group, Moody’s

Christian de Guzman, VP – Senior Credit Officer, Sovereign Risk Group, Moody’s

08.30          Conference Registration

09.00          Opening Remarks

Stephen Long, Managing Director – Global Banking, Financial Institutions Group, Moody’s

09.10          Big Picture Presentation

Why are global credit conditions weakening?

  • Will the growth, funding and liquidity landscape change over the next 12 months?
  • How will US trade policy affect sectors and regions?
  • What are the geopolitical risks and how significant are they?
  • Which are the longer-term credit risks to watch out for?

Michael Taylor, Managing Director and Chief Credit Officer, Asia Pacific, Moody's

09.35          Sovereign Presentation

What is the outlook for sovereigns as the credit cycle turns?

  • What are the drivers and risks to growth in the region?
  • How will China balance a slowing economy, deleveraging objectives, tensions with the US?
  • What are APAC sovereigns’ exposure to and buffers against tightening financing conditions?
  • How will the political outlook drive sovereign credit in 2019?

Christian de Guzman, VP – Senior Credit Officer, Sovereign Risk Group, Moody’s

Followed by a spotlight conversation with

Michael Taylor, Managing Director and Chief Credit Officer, Asia Pacific, Moody's (moderator)

Christian De Guzman, VP – Senior Credit Officer, Sovereign Risk Group, Moody’s

Sally Chen, Resident Representative in Hong Kong SAR, IMF

10.20           Networking& Coffee Break

10.40          Banking Plenary Session

How resilient are the banks to market and credit shocks?

  • Are banks prepared for the next downturn?
  • How strong are Asia Pacific banks in withstanding potential shocks?
  • What are the new risks and sources of competition?

Sally Yim, Associate Managing Director, Financial Institutions Group, Moody’s (moderator)

Stephen Long, Managing Director – Global Banking, Financial Institutions Group, Moody’s

Minyan Liu, Associate Managing Director, Financial Institutions Group, Moody’s

11.25          Corporate & Infrastructure Plenary Session

How strong are corporate and infrastructure fundamentals as the credit cycle turns?

  • What are the challenges facing rated Asian corporate and infrastructure issuers in 2019?
  • How have trade tensions affected credit quality and could they lead to contagion risk? 
  • ‍How will slowing Chinese growth impact entities there and elsewhere in Asia?
  • What are the key risks to focus on for Asian high-yield issuers given the extended market volatility?

Clement Wong, Associate Managing Director, Corporate Finance Group, Moody’s (moderator)

Gary Lau, Managing Director, Corporate Finance Group, Moody’s

Laura Acres, Managing Director, Corporate Finance Group, Moody’s

Terry Fanous, Managing Director, Public, Project & Infrastructure Finance Group, Moody’s

Ken Hu, Chief Investment Officer, Fixed Income, Asia Pacific, Invesco Ltd.

12.10           Close of the Conference

Speakers

Speakers

Christian de Guzman

Vice President – Senior Credit Officer

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Vice President – Senior Credit Officer

Christian de Guzman

Christian de Guzman is a Vice President – Senior Credit Officer with Moody’s Sovereign Risk Group. Based in Singapore, he covers a portfolio of sovereigns and multilateral development banks in Asia Pacific, including Japan, Korea and a number of Southeast Asian credits.

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Clement Wong

Associate Managing Director

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Associate Managing Director

Clement Wong

Clement Wong is a Associate Managing Director and Team Leader in the Corporate Finance Group. Based in Hong Kong, he covers Chinese corporate entities in various industries except the property sector.

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Gary Lau

Managing Director

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Managing Director

Gary Lau

Gary Lau is the Managing Director for the Corporate Finance Group in Hong Kong. Gary manages analytical teams in Hong Kong, covering corporate ratings in North Asia (ex-Japan).

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Gloria Tsuen

Vice President - Senior Credit Officer

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Vice President - Senior Credit Officer

Gloria Tsuen

Gloria Tsuen is a Vice President - Senior Credit Officer in Moody’s Corporate Finance Group. Based in Hong Kong, Gloria covers a portfolio of corporates in Hong Kong, China, and Korea across a diverse range of industries.

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Ian Lewis

Associate Managing Director

Corporate Finance Group & Project Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group & Project Infrastructure Finance

Associate Managing Director

Ian Lewis

Ian Lewis is an Associate Managing Director for Moody’s Corporate Finance and Project & Infrastructure Finance Groups, based in Singapore. In this role, Ian manages a team of ratings analysts for ASEAN, with a focus on key sectors including autos, chemicals, metals & mining, steel, telecommunications, regulated utilities, transport and social infrastructure.

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Laura Acres

Managing Director

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Managing Director

Laura Acres

Laura Acres is a Managing Director with Moody’s Asian Corporate Finance Group. Based in Singapore, she leads a team of analysts who rate corporates across a variety of sectors in South and Southeast Asia.

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Michael Taylor

Managing Director and Chief Credit Officer,

Asia Pacific

Moody's Investors Service

Moody's Investors Service

Asia Pacific

Managing Director and Chief Credit Officer,

Michael Taylor

Dr. Michael Taylor is a Managing Director for Moody’s Investors Service. He is also Moody’s Chief Credit Officer for the Asia Pacific region. Michael leads regional research, particularly with a cross-sectoral and macro credit focus, as well as coordinating major regional analytical initiatives.

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Minyan Liu

Associate Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Associate Managing Director

Minyan Liu

Minyan Liu is an Associate Managing Director for the Financial Institutions Group in Asia. Based in Hong Kong, Minyan is responsible for the management of Moody’s bank credit portfolio in Greater China, Korea and Mongolia.

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Sally Yim

Associate Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Associate Managing Director

Sally Yim

Sally Yim is an Associate Managing Director in the Financial Institutions Group. Based in Hong Kong, Sally oversees teams responsible for the maintenance of ratings on Asian (including Japan) insurers and North Asian (excluding Japan) non-bank financial institutions.

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Stephen Long

Managing Director - Global Banking

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Managing Director - Global Banking

Stephen Long

Stephen Long is a Managing Director co-responsible for Moody’s global bank ratings. He is based in Hong Kong and primarily focuses on bank ratings in the Asia Pacific region. He is also responsible globally for Moody’s ratings of non-bank financial institutions.

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Terry Fanous

Managing Director

Public, Project and Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Public, Project and Infrastructure Finance

Managing Director

Terry Fanous

Terry has over 25 years of experience in credit ratings and bank credit risk management. As a Managing Director, based in Singapore, he leads Moody’s Public, Project & Infrastructure Finance in Asia Pacific. He assumed his position in February 2015.

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Further information

For more information please contact: Anita So, Manager - Events & Outreach, anita.so@moodys.com