Credit Trends

Thursday, January 24, 2019

January 2019

Conference

Credit Trends

thursday, November 08, 2018
merchant taylors' hall, london

Credit Trends

Thursday, January 24, 2019
January 2019
Hotel De Rome
Berlin

Credit Trends

Thursday, January 24, 2019
January 2019
Hotel De Rome
Berlin

Credit Trends

Thursday, January 24, 2019
January 2019
Hotel De Rome
Berlin

Credit Trends

Thursday, January 24, 2019
January 2019
Hotel De Rome
Berlin

Credit Trends

Thursday, January 24, 2019
January 2019
Hotel De Rome
Berlin

Look beyond the short-term shocks into long term risks

Moody’s Credit Trends provides forward looking views that focus on the key credit outlook shifts for the year ahead and long-term market trends and vulnerabilities.

We will take a closer look at what comes next in the credit cycle; what rising trade and protectionism tensions mean to credit; what are the key regional trends across sectors and other topical questions.  

Credit Trends is a unique platform to engage with key market participants -  senior investors, issuers, intermediaries and credit analysts - and gain a deeper understanding of the impact of global, regional and local credit trends across sectors.

What are your expectations for 2019? Share your views on market trends

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

Event will be held in German

08.30             Registration & Coffee

09.00             Opening Remarks

Michael Wolgast, Senior Vice President, Berlin Representative Office

Matthias Hellstern, Managing Director, Corporate Finance

09.10              Big Picture Presentation

Fading cycle, reform fatigue and political risks: European sovereigns are entering choppy waters

  • A fading cycle and risks from global trade tensions weigh
  • Progress on structural economic reforms will determine those best able to cope with the slowdown in growth
  • Structural fiscal weaknesses as cyclical tail winds weaken and interest rates normalize
  • Politics continue to dominate the credit story for some: Brexit, Italy

Heiko Peters, Assistant Vice President, Sovereign

09.45              Spotlight Conversation

Led by Matthias Hellstern, Managing Director, Corporate Finance

Dr. Volker Treier, Deputy Chief Executive Officer, Deutscher Industrie- und Handelskammertag

10.15            Default and Rating Trends

Recent developments and risks to the outlook

  • Default and rating performance review
  • Credit outlook and risks: Which sectors are more exposed?
  • Recovery rates - Moody's approach and potential risks

Jorge Rodriguez-Valez,  VicePresident, Senior Credit Officer, Credit Strategy

10.35              Networking & Coffee Break

11.00              Banking Plenary Session

Banks’resiliency to market and credit shocks

  • How banks are prepared to the next downturn?
  • Reshaping of global investment banks
  • New risks: Competition driven by fintech, cybercrime, Brexit and trade wars

Carola Schuler, Managing Director, EMEA Banking

Michael Rohr, Vice President, Senior Credit Officer, Banking

11.45              Corporate Plenary Session

How strong are corporate fundamentals as we approach the peak of the credit cycle

  • Corporate credit vulnerabilities and differences by sector, country and region
  • How protectionism, trade wars, Brexit and emerging market volatility impact corporate credit quality
  • M&A, investment plans and financial policies in preparation for the next downturn

Matthias Heck, Vice President, Senior Credit Officer, CorporateFinance

Stefanie Voelz, Vice  President - Senior Credit Officer, Infrastructure Finance

12.30              Close of the Conference

Moody's Speakers

Matthias Hellstern

Managing Director

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Managing Director

Matthias Hellstern

Matthias Hellstern, Managing Director, has been with Moody’s Deutschland GmbH in Frankfurt since October 2004. Matthias is Team Leader in the European Corporate Finance Group heading the Frankfurt-based analytical team focusing on manufacturing industries. The principal industries covered by his team include Auto, Capital Goods, Paper and Packaging, and Building Materials. He is also managing teams in London and Stockholm that are covering the Real Estate, Shipping and Airlines sectors.

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Heiko Peters

Assistant Vice President - Analyst, Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Assistant Vice President - Analyst, Sovereign Risk Group

Heiko Peters

Heiko Peters is an Assistant Vice President - Analyst in Moody’s Sovereign Risk Group, and is based in the Frankfurt office. He has Lead Analyst responsibilities for a number of European sovereigns and supra-nationals, producing ratings and research related to their creditworthiness.

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Jorge Rodriguez-Valez

Vice President Senior Credit Officer - CSS

Moody's Investors Service

Moody's Investors Service

Vice President Senior Credit Officer - CSS

Jorge Rodriguez-Valez

Matthias Heck

Vice President - Senior Analyst, Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Analyst, Corporate Finance Group

Matthias Heck

Matthias Heck is a Vice President - Senior Analyst, based in the Frankfurt office, where he is a member of the EMEA Corporate Finance Team. He is responsible for a diverse portfolio of construction, manufacturing, business services and consumer goods companies based in Europe.

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Stefanie Voelz

Vice President - Senior Credit Officer, EMEA Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Credit Officer, EMEA Infrastructure Finance

Stefanie Voelz

Stefanie Voelz is a senior analyst in Moody’s EMEA Infrastructure Finance team, based in London. She is responsible for a portfolio of regulated utilities in the UK, Germany, the Netherlands, Belgium and Eastern Europe. Over an extended career in credit, Stefanie has developed in-depth knowledge of utilities and transportation infrastructure sectors. She is also an expert in the credit assessment of highly-covenanted financing structures in the regulated utility space as well as project financings. Stefanie is Moody’s lead analyst covering UK Water and has published extensively on the sector. She is the lead author of Moody’s Rating Methodology for Regulated Water Utilities, published in December 2015. Stefanie is also one of Moody’s lead commentators on the European regulated networks.

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Carola Schuler

Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Managing Director

Carola Schuler

Carola Schuler is a Managing Director in the Europe, Middle East and Africa banking team, based in Frankfurt. In this capacity, she is responsible for Moody’s analytical teams that rate banks primarily in the Eurozone and Central and Eastern Europe as well as non-bank financial companies across Europe and emerging markets in Middle East and Africa.

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Michael Rohr

Vice President – Senior Credit Officer

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Vice President – Senior Credit Officer

Michael Rohr

Michael Rohr is a member of the Financial Institutions Group and responsible for Moody’s ratings for a variety of financial institutions in Switzerland, Germany and Austria. Michael joined Moody’s in March 2012 from Silvia Quandt & Cie AG where he was Deputy Head of Research leading a team of equity analysts covering European equities. Prior to this function, Michael held various positions at both sell-side and buy-side equity research firms and fund management institutions focused on analyzing European banks.

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Michael Wolgast

Senior Vice President, Government & Public Affairs

Moody's Investors Service

Moody's Investors Service

Senior Vice President, Government & Public Affairs

Michael Wolgast

Dr. Michael Wolgast is Moody’s representative in the German capital and leads Moody’s public affairs engagement in Germany, also supporting wider engagement across the European Union. With the launch of the new representative office in Berlin in March 2018, Moody’s reinforced ongoing efforts to interact with opinion leaders and society at large on relevant issues, expanding the company’s global outreach in government and public affairs to Europe’s largest economy.

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Further information

Any questions please contact:

Jasmine Endres

Assistant Director - Events & Outreach

jasmine.endres@moodys.com