Credit Trends

Wednesday, February 13, 2019

February 2019

Conference

Credit Trends

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

Credit Trends

Wednesday, February 13, 2019
February 2019
The Westin Palace
Madrid

Credit Trends

Wednesday, February 13, 2019
February 2019
The Westin Palace
Madrid

Credit Trends

Wednesday, February 13, 2019
February 2019
The Westin Palace
Madrid

Credit Trends

Wednesday, February 13, 2019
February 2019
The Westin Palace
Madrid

Credit Trends

Wednesday, February 13, 2019
February 2019
The Westin Palace
Madrid

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

08.30          Registration & Coffee

09.00          Opening Remarks

Juan Pablo Soriano, Managing Director, Structured 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

Kathrin Muehlbronner, Senior Vice President, Sovereign

09.45          Spotlight Conversation

Daniel Lacalle, PhD Economist and Fund Manager

Led by Juan Pablo Soriano, Managing Director, Structured Finance

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 are banks prepared for the next downturn?
  • New risks: Competition driven by fintech, cybercrime, Brexit and trade wars

Maria Cabanyes, Senior Vice President,Banking

Alberto Postigo, Vice President, Senior Credit Officer, Banking

Miguel Lopez Patron, Analyst, Structured Finance

11.45           Corporate Plenary Session

Corporate credit quality at the peak of the credit cycle

  • Corporate credit vulnerabilities for the next downturn
  • Which corporate segments are more vulnerable to the next credit cycle?
  • How increasing interest rates, trade wars and Brexit could impact corporate credit quality

Laura Pérez, Vice President, Senior Credit Officer, Corporate Finance

Xavier Lopez de Rincon, Vice President, Senior Credit Officer, Infrastructure Finance

12.30              Close of the Conference

Moody's Speakers

Juan Pablo Soriano

Managing Director, Structured Finance

Moody's Investors Service

Moody's Investors Service

Managing Director, Structured Finance

Juan Pablo Soriano

Juan Pablo Soriano joined Moody�s Investors Service in London in 1994. He is currently based in Madrid as Managing Director of EMEA Covered Bonds and global Covered Bond coordinator. He is also the country manager for Spain and Portugal.

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Kathrin Muehlbronner

Senior Vice President

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Senior Vice President

Kathrin Muehlbronner

Kathrin joined Moody’s Investors Service in April 2010 as a member of the Sovereign Risk Group. She is the lead analyst for several European Sovereigns, including the UK, Ireland, Greece, Denmark as well as European Multilateral Development Banks such as ESM, EFSF and the EIB.

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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

Maria Cabanyes

Maria Cabanyes, Senior Vice President, Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Maria Cabanyes, Senior Vice President, Financial Institutions Group

Maria Cabanyes

Maria Cabanyes is a Senior Vice President and the Team Coordinator in the EMEA Financial Institutions Group for Spain and Portugal, in addition to which she is lead analyst for the larger financial institutions in Spain.

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Miguel Lopez Patron

Analyst, Structured Finance Group

Moody's Investors Service

Moody's Investors Service

Analyst, Structured Finance Group

Miguel Lopez Patron

Miguel �ngel L�pez is an Analyst in the Covered Bond Group at Moody�s, based in Madrid. He is involved in the analysis of several Covered Bond ratings in countries like Spain, Portugal and France.

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Xavier Lopez del Rincon

Vice President - Senior Credit Officer

EMEA Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

EMEA Infrastructure Finance

Vice President - Senior Credit Officer

Xavier Lopez del Rincon

Xavier Lopez del Rincon is a senior analyst in the EMEA Infrastructure Finance team, based in London. He has responsibility for a portfolio of transport infrastructure assets including airports, toll roads, ports and rail network operators. Xavier has considerable experience in airports and is Moody’s lead analyst for the sector in Europe and Africa. He is the author of the Moody’s Privately Managed Airports and Related Issuers rating methodology and has published extensively on the sector, including on the planned extension of airport capacity in the London area. Reflecting his deep knowledge and insight, Xavier is frequently invited to represent Moody’s credit views at investor roundtables and other events.

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Alberto Postigo

Vice President - Senior Credit Officer, EMEA Banking

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Credit Officer, EMEA Banking

Alberto Postigo

Alberto Postigo joined Moody’s Investors Service in 2002. He is currently based in Madrid with responsibilities as lead analyst for a number of Spanish banks. Before joining the Financial Institutions Group, Mr. Postigo worked in the structured finance group for six years, mostly in the analysis and rating of ABS transactions.

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Laura Perez Martinez

Vice President – Senior Analyst, Corporate Finance

Moody's Investors Service

Moody's Investors Service

Vice President – Senior Analyst, Corporate Finance

Laura Perez Martinez

Laura Perez is a Vice President – Senior Analyst in Moody’s Corporate Finance Group with leading responsibilities for European telecommunications. Laura joined Moody’s in 2008 in London where she worked as a senior credit analyst covering leading European financial institutions. She relocated to Madrid in September 2016 to join the corporate finance team. Before joining Moody’s, Laura worked for AM Best covering European insurers. Laura holds a B.A. in Business Administration from University of Oviedo in Spain, and is a Chartered Financial Analyst (CFA).

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Further information

Any questions please contact:

Jasmine Endres

Assistant Director - Events & Outreach

jasmine.endres@moodys.com