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
Widder Hotel
Zurich

Credit Trends

Wednesday, February 13, 2019
February 2019
Widder Hotel
Zurich

Credit Trends

Wednesday, February 13, 2019
February 2019
Widder Hotel
Zurich

Credit Trends

Wednesday, February 13, 2019
February 2019
Widder Hotel
Zurich

Credit Trends

Wednesday, February 13, 2019
February 2019
Widder Hotel
Zurich

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

08.00          Pre Conference Session - 45 min

Integrating sustainability into credit risk – a rating agency perspective

  • How are material ESG considerations captured in our credit ratings?
  • Which industries are most exposed to carbon transition and physical climate risks?
  • Can social issues drive credit quality? Exploring case studies from the public and private sector.
  • Which corporate governance practices are most relevant to creditors?

Sarah Carlson, Senior Vice President, Sovereign

08.30             Registration & Coffee

09.00          Opening Remarks

Jens Schmidt Buergel, Managing Director, Regional Management

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

Sarah Carlson, Senior Vice President, Sovereign

09.45          Spotlight Conversation

Led by Sarah Carlson, Senior Vice President, Sovereign

Domagoj Arapovic, Senior Economist, Raiffeisen Schweiz Genossenschaft

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

Vincent Allilaire, Vice President, 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?
  • Reshaping of global investment banks
  • New risks: Competition driven by fintech, cybercrime, Brexit and trade wars

Carola Schuler, Managing Director, Banking

Swen Metzler, Vice President, Senior Credit Officer, Banking

Michael Rohr, Vice President, Senior Credit Officer, Banking

Alexander Zeidler, Vice President, Senior Credit Officer, 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

Phil Cope, Assistant Vice President,  Infrastructure Finance

Daniel Harlid, Assistant Vice President, Corporate Finance

12.30              Close of the Conference

Moody's Speakers

Sarah Carlson

Senior Vice President

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Senior Vice President

Sarah Carlson

Sarah has been the lead analyst for most countries in the European Union, as well as the United States. She is currently responsible for a portfolio of credits that includes the United Kingdom, Ireland, Cyprus, the Isle of Man, and the Council of Europe Development Bank. She is also one of the Sovereign Risk Group’s global spokespeople. She joined Moody’s in 2009 after completing a Sloan Fellowship at the London Business School.

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Vincent Allilaire

Vice President - Senior Credit Officer

Credit Strategy and Research

Moody's Investors Service

Moody's Investors Service

Credit Strategy and Research

Vice President - Senior Credit Officer

Vincent Allilaire

Vincent Allilaire is a VP-Senior Credit Officer in the Credit Strategy and Standards team. In this role, he leads the thematic credit research for the EMEA region, integrating macroeconomic and credit trends with credit views across rating groups and sectors to ensure rating consistency.

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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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Swen Metzler

Vice President - Senior Analyst , Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Analyst , Financial Institutions Group

Swen Metzler

Swen joined Moody�s Investors Service in August 2010 as a member of the of the Financial Institutions Group. He is the lead analyst for several banks in Austria, Denmark, Germany, and Switzerland

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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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Alexander Zeidler

Vice President – Senior Credit Officer

Structured Finance Group

Moody's Investors Service

Moody's Investors Service

Structured Finance Group

Vice President – Senior Credit Officer

Alexander Zeidler

Alexander Zeidler is a Senior Credit Officer at Moody’s in London. He joined Moody’s in January 2006 focusing on Commercial Real Estate Finance. Alexander is lead analyst for several covered bonds with a focus on Austria and the Nordics.

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Jens Schmidt-Bürgel

Managing Director, Regional Management

Moody's Investors Service

Moody's Investors Service

Managing Director, Regional Management

Jens Schmidt-Bürgel

Jens Schmidt-Bürgel is part of the Regional Management Team in EMEA and is responsible for Moody’s Investors Service’s Frankfurt-based operations and outreach activities in Germany, Austria and Switzerland as well as Scandinavia. He serves as a senior point of contact to issuers and other market participants in these markets.

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Phil Cope

Assistant Vice President - Analyst, Public Finance

Moody's Investors Service

Moody's Investors Service

Assistant Vice President - Analyst, Public Finance

Phil Cope

Phil Cope is an analyst in Moody’s EMEA Infrastructure Finance team, based in London. Phil’s current analytical focus is principally on regulated utilities operating in a range of European jurisdictions, having previously worked on UK regulated utilities. He also covers a number of renewable power producers, primarily in the UK.

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Daniel Harlid

Assistant Vice President - Analyst

Corporate Finance

Moody's Investors Service

Moody's Investors Service

Corporate Finance

Assistant Vice President - Analyst

Daniel Harlid

Based in Stockholm, Daniel is focused on manufacturing companies domiciled in the Nordic region. Prior to joining Moody’s, Daniel was a portfolio manager at Cicero Fonder, fund-of-funds portfolio manager at Bandling & Partners, and equity analyst at Handelsbanken Capital Markets.

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Further information

Any questions please contact:

Jasmine Endres

Assistant Director - Events & Outreach

jasmine.endres@moodys.com