Credit Trends
Tuesday, January 21, 2020
January
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Overview

The theme this year – navigating a more fractured world – looks into the impact on credit of increasing polarization, geopolitical risks and the persistently low or negative interest rate environment.

How will these challenges change the outlook for 2020 and beyond? How can credit assessments incorporate new risks?

Join one of the largest credit event series globally bringing together over 2000 investors, issuers, analysts and intermediaries to explore what themes are set to shape credit markets.

The event is free to attend and will be held in German.
<div class="custom-container w-container"><h2 class="n-h2">Why Attend?</h2><div class="custom-fa-wrapper"><div class="custom-item-holder latamblue"><div class="custom-icon-fa alt latamblue"><strong class="bold-text-5"></strong><br></div><div class="custom-item-text-holder latamblue"><h1 class="custom-item-heading alt">Turn outlooks into Insights</h1><p class="custom-item-para alt latamblue">Connect the dots between the trends, analysis and uncertainties for the year ahead</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa alt latamblue"><strong class="bold-text-5"></strong><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt">Map out credit risks</h1><p class="custom-item-para alt latamblue">Take a closer look into what shifts will impact sovereign, banking and corporate sectors the most</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa alt latamblue"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt">Engage with the market</h1><p class="custom-item-para alt latamblue">Network with tinvestors, asset and risk managers, retail and commercial bankers, underwritters and issuers</p></div></div></div></div>

Agenda

08.30 Registration & Coffee

09.00Opening Remarks

Matthias Hellstern, Managing Director, Corporate Finance Group

09.10Sovereign Insight

Navigating choppy waters: Trade tensions, political challenges and a limited policy space

  • Europe in its late cycle: Supportive domestic demand challenged by trade uncertainties
  • Reviewing Europe’s policy tools: What to expect from ECB, fiscal policy and structural reforms?  

Heiko Peters, Assistant Vice President - Analyst, Sovereign Risk Group

09.30Plenary Panel

Credit polarization and profitability over the next 12 months

  • Geopolitical risk landscape: Trade reliance
  • Increasing polarization in a period of economic downturn  
  • The impact of low interest rates on cross-sector profitability

Led by Matthias Hellstern, Managing Director, Corporate Finance Group

Heiko Peters, Assistant Vice President - Analyst, Sovereign Risk Group

Carola Schuler, Managing Director - Banking Group

Martin Kohlhase, Vice President - Senior Credit Officer, Corporate Finance Group

10.15Keynote Spotlight Conversation  

Dr. Klaus Günter Deutsch, Head of Research, Industrial and Economic Policy, The Federation of German Industries (BDI)

Led by Heiko Peters, Assistant Vice President - Analyst, Sovereign Risk Group

10.45Networking Break and Light Refreshments

11.15Rating & Default Trends Presentation

The only way is up  

  • Trends and forecasts for 2020
  • Default behaviour in the next downturn  

Marie-Jeanne Kerschkamp, Associate Managing Director,  Methodology Framework Group

11.35Banking Presentation    

Banking outlook and insight into key regional players  

  • Mounting challenges pressuring profitability
  • Digitalisation and Payments Services Directive shifting banks’ business models
  • Regional banks’ vulnerabilities and resilience

Bernhard Held, Vice President - Senior Credit Officer, Financial Institutions Group

11.50 Corporate Presentation    

Corporate outlook and insight into key regional players  

  • Drivers behind negative outlook
  • Developments in credit quality of European issuers
  • Common themes influencing under pressure sectors

Martin Kohlhase, Vice President - Senior Credit Officer, Corporate Finance Group

12.05 Panel Discussion

How will ESG and technology risks evolve over the next decade

  • Climate change: Physical and transition risks explored
  • Disruptive technologies: Productivity, profitability, cyber and other risks

Led by Marie-Jeanne Kerschkamp, Associate Managing Director, Methodology Framework Group

Carola Schuler, Managing Director - Banking Group

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

Christian Badorff, Vice President - Senior Analyst, Financial Institutions Group – EMEA Insurance

12.35 Close of the Conference

Agenda

08.30 Registration & Coffee

09.00Opening Remarks

Matthias Hellstern, Managing Director, Corporate Finance Group

09.10Sovereign Insight

Navigating choppy waters: Trade tensions, political challenges and a limited policy space

Heiko Peters, Assistant Vice President - Analyst, Sovereign Risk Group

09.30Plenary Panel

Credit polarization and profitability over the next 12 months

Led by Matthias Hellstern, Managing Director, Corporate Finance Group

Heiko Peters, Assistant Vice President - Analyst, Sovereign Risk Group

Carola Schuler, Managing Director - Banking Group

Martin Kohlhase, Vice President - Senior Credit Officer, Corporate Finance Group

10.15Keynote Spotlight Conversation  

Dr. Klaus Günter Deutsch, Head of Research, Industrial and Economic Policy, The Federation of German Industries (BDI)

Led by Heiko Peters, Assistant Vice President - Analyst, Sovereign Risk Group

10.45Networking Break and Light Refreshments

11.15Rating & Default Trends Presentation

The only way is up  

Marie-Jeanne Kerschkamp, Associate Managing Director,  Methodology Framework Group

11.35Banking Presentation    

Banking outlook and insight into key regional players  

Bernhard Held, Vice President - Senior Credit Officer, Financial Institutions Group

11.50 Corporate Presentation    

Corporate outlook and insight into key regional players  

Martin Kohlhase, Vice President - Senior Credit Officer, Corporate Finance Group

12.05 Panel Discussion

How will ESG and technology risks evolve over the next decade

Led by Marie-Jeanne Kerschkamp, Associate Managing Director, Methodology Framework Group

Carola Schuler, Managing Director - Banking Group

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

Christian Badorff, Vice President - Senior Analyst, Financial Institutions Group – EMEA Insurance

12.35 Close of the Conference

Keynote Speaker

Dr. Klaus Günter Deutsch
Head of Research - Industrial and Economic Policy, The Federation of German Industries (BDI)

Guest Speaker

Federation of German Industries

Guest Speaker

Federation of German Industries

Head of Research - Industrial and Economic Policy, The Federation of German Industries (BDI)
Dr. Klaus Günter Deutsch

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
Heiko Peters
Assistant Vice President - Analyst,
Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group
Assistant Vice President - Analyst,
Heiko Peters
Carola Schuler
Managing Director - Banking Group

Moody's Investors Service

Moody's Investors Service

Managing Director - Banking Group
Carola Schuler
Martin Kohlhase
Vice President - Senior Credit Officer, Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Credit Officer, Corporate Finance Group
Martin Kohlhase
Marie-Jeanne Kerschkamp
Associate Managing Director - Methodology Framework Group

Moody's Investors Service

Moody's Investors Service

Associate Managing Director - Methodology Framework Group
Marie-Jeanne Kerschkamp
Stefanie Voelz
Vice President - Senior Credit Officer,
Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Infrastructure Finance
Vice President - Senior Credit Officer,
Stefanie Voelz
Christian Badorff
Vice President - Senior Analyst,
Financial Institutions Group, EMEA Insurance

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group, EMEA Insurance
Vice President - Senior Analyst,
Christian Badorff
Bernhard Held
Vice President – Senior Credit Officer
EMEA Banking

Moody's Investors Service

Moody's Investors Service

EMEA Banking
Vice President – Senior Credit Officer
Bernhard Held

If you have any questions regarding the Credit Trends, please contact Larissa Galakova-Rothe.