Credit Trends
Thursday, February 20, 2020
February
20 February 2020
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*Cancelled*

In light of the evolving coronavirus outbreak and associated travel restrictions, this event has been cancelled.

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.

<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 investors, asset and risk managers, retail and commercial bankers, underwritters and issuers</p></div></div></div></div>

Agenda

12.30Registration & Coffee

13.00Opening Remarks

Kei Kitayama, Managing Director–APAC Structured Finance Group & Japan Country Manager, Moody's

13.10Big Picture Presentation  

Multiple forces buffeting the global economy in 2020  

  • Unpredictable politics and policies, rising trade restrictions, lower for even longer interest rates
  • What does the more uncertain, fractured environment mean for Japan?

Michael Taylor, Managing Director and Chief Credit Officer, APAC, Moody’s

13.30Plenary Session

Credit differentiation and profitability in 2020

  • How Asian credit is adjusting to weaker economic conditions
  • What sectors are most vulnerable to policy unpredictability?
  • The impact of low interest rates and liquidity dynamics on different sectors

Led by Michael Taylor, Managing Director and Chief Credit Officer, APAC, Moody’s

Christian de Guzman, Senior Vice President, Sovereign Risk Group, Moody's

Graeme Knowd, Managing Director–Financial Institutions Group & Singapore Country Manager, Moody’s

Mihoko Manabe, Associate Managing Director, Corporate Finance Group, Moody’s

14.00Keynote Spotlight Conversation

Guest Speaker:

Hajime Takata, Chariman of the Center, Global Research Center, Executive Economist, Osakan Securities Co., Ltd.

Moderator:

Kei Kitayama, Managing Director–APAC Structured Finance Group & Japan Country Manager, Moody's

14.30Networking Break

14.50Banking Presentation    

Banking outlook and insight into key issues  

  • Competitive tensions eroding pricing power
  • Technology; a disruptor and enabler
  • Low interest rates mask deterioration of credits

Tetsuya Yamamoto, VP–Senior Credit Officer, Financial Institutions Group, Moody’s  

15.10Structured Finance Presentation    

What is the performance outlook for CLO and other assets held by banks?

  • CLO performance and specific features
  • What are the risks for CLO in the short term?
  • Is residential mortgage getting riskier?

Yusuke Seki, Associate Managing Director, Structured Finance Group, Moody’s

15.35Corporate and Infrastructure Panel

Non-financial corporates face rising risk

  • Drivers behind growing negative rating bias
  • Outlook for acquisition strategies amidst credit cycle downturn
  • Corporate governance’s impact on financial policies

Led by Kazusada Hirose, The Institute of Asia Energy, Japan

Motoki Yanase, VP–Senior Credit Officer, Corporate Finance Group, Moody’s

Yukiko Asanuma, Analyst, Public, Project & Infrastructure Finance Group, Moody’s

16.10Panel

How will ESG and technology risks evolve over the next decade

  • Japanese demographic shifts in a low growth, low rate environment
  • Climate change: Physical and transition risks explored
  • Disruptive technologies: Productivity, profitability, cyber and other risks

Led by Michael Taylor, Managing Director and Chief Credit Officer, APAC, Moody’s  

Christian de Guzman, Senior Vice President, Sovereign Risk Group, Moody's

Shunsaku Sato, VP–Senior Credit Officer, Financial Institutions Group, Moody’s

Motoki Yanase, VP–Senior Credit Officer, Corporate Finance Group, Moody’s

Hiroaki Aoki, Head of Japanese Market, Vigeo Eiris

16.40Close of Main Conference

17.00ESG Workshop (50 mins)

Explore Moody’s tools to identify and incorporate ESG considerations into credit analysis

Identifying the credit materiality of ESG

  • ESG assessment tools: Ranking issuer exposure
  • Impact on credit ratings: Examples and case studies

Motoki Yanase, VP–Senior Credit Officer, Corporate Finance Group, Moody’s

Yukiko Asanuma, Analyst, Public, Project & Infrastructure Finance Group, Moody’s

Masako Kuwahara, VP-Senior Analyst, Corporate Finance Group, Moody's

Agenda

12.30Registration & Coffee

13.00Opening Remarks

Kei Kitayama, Managing Director–APAC Structured Finance Group & Japan Country Manager, Moody's

13.10Big Picture Presentation  

Multiple forces buffeting the global economy in 2020  

Michael Taylor, Managing Director and Chief Credit Officer, APAC, Moody’s

13.30Plenary Session

Credit differentiation and profitability in 2020

Led by Michael Taylor, Managing Director and Chief Credit Officer, APAC, Moody’s

Christian de Guzman, Senior Vice President, Sovereign Risk Group, Moody's

Graeme Knowd, Managing Director–Financial Institutions Group & Singapore Country Manager, Moody’s

Mihoko Manabe, Associate Managing Director, Corporate Finance Group, Moody’s

14.00Keynote Spotlight Conversation

Guest Speaker:

Hajime Takata, Chariman of the Center, Global Research Center, Executive Economist, Osakan Securities Co., Ltd.

Moderator:

Kei Kitayama, Managing Director–APAC Structured Finance Group & Japan Country Manager, Moody's

14.30Networking Break

14.50Banking Presentation    

Banking outlook and insight into key issues  

Tetsuya Yamamoto, VP–Senior Credit Officer, Financial Institutions Group, Moody’s  

15.10Structured Finance Presentation    

What is the performance outlook for CLO and other assets held by banks?

Yusuke Seki, Associate Managing Director, Structured Finance Group, Moody’s

15.35Corporate and Infrastructure Panel

Non-financial corporates face rising risk

Led by Kazusada Hirose, The Institute of Asia Energy, Japan

Motoki Yanase, VP–Senior Credit Officer, Corporate Finance Group, Moody’s

Yukiko Asanuma, Analyst, Public, Project & Infrastructure Finance Group, Moody’s

16.10Panel

How will ESG and technology risks evolve over the next decade

Led by Michael Taylor, Managing Director and Chief Credit Officer, APAC, Moody’s  

Christian de Guzman, Senior Vice President, Sovereign Risk Group, Moody's

Shunsaku Sato, VP–Senior Credit Officer, Financial Institutions Group, Moody’s

Motoki Yanase, VP–Senior Credit Officer, Corporate Finance Group, Moody’s

Hiroaki Aoki, Head of Japanese Market, Vigeo Eiris

16.40Close of Main Conference

17.00ESG Workshop (50 mins)

Explore Moody’s tools to identify and incorporate ESG considerations into credit analysis

Identifying the credit materiality of ESG

Motoki Yanase, VP–Senior Credit Officer, Corporate Finance Group, Moody’s

Yukiko Asanuma, Analyst, Public, Project & Infrastructure Finance Group, Moody’s

Masako Kuwahara, VP-Senior Analyst, Corporate Finance Group, Moody's

Speakers

Hajime Takata
Chairman of the Center Global Research Center
Executive Economist

Guest Speaker

Okasan Securities Co., Ltd.

Guest Speaker

Okasan Securities Co., Ltd.

Chairman of the Center Global Research Center
Executive Economist
Hajime Takata
Kazusada Hirose
Representative

Guest Speaker

The Institute of Asia Energy, Japan

Guest Speaker

The Institute of Asia Energy, Japan

Representative
Kazusada Hirose
Hiroaki Aoki
Head of Japanese Market

Guest Speaker

Vigeo Eiris

Guest Speaker

Vigeo Eiris

Head of Japanese Market
Hiroaki Aoki

Kei Kitayama
Representative Director, Moody's Japan K.K.

Moody's Investors Service

Moody's Investors Service

Representative Director, Moody's Japan K.K.
Kei Kitayama
Michael Taylor
Managing Director and Chief Credit Officer, Asia Pacific

Moody's Investors Service

Moody's Investors Service

Managing Director and Chief Credit Officer, Asia Pacific
Michael Taylor
Graeme Knowd
Managing Director
Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group
Managing Director
Graeme Knowd
Mihoko Manabe
Associate Managing Director
Corporate Finance Group

Moody’s Japan K.K.

Moody's Investors Service

Moody's Investors Service

Moody’s Japan K.K.

Corporate Finance Group
Associate Managing Director
Mihoko Manabe
Christian de Guzman
Senior Vice President
Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group
Senior Vice President
Christian de Guzman
Tetsuya Yamamoto
Vice President – Senior Credit Officer
Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group
Vice President – Senior Credit Officer
Tetsuya Yamamoto
Shunsaku Sato
Vice President – Senior Credit Officer
Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group
Vice President – Senior Credit Officer
Shunsaku Sato
Yusuke Seki
Associate Managing Director
Structured Finance Group

Moody's Investors Service

Moody's Investors Service

Structured Finance Group
Associate Managing Director
Yusuke Seki
Motoki Yanase
Vice President – Senior Credit Officer
Corporate Finance Group

Moody’s Japan K.K.

Moody's Investors Service

Moody's Investors Service

Moody’s Japan K.K.

Corporate Finance Group
Vice President – Senior Credit Officer
Motoki Yanase
Yukiko Asanuma
Analyst
Corporate Finance Group

Moody’s Japan K.K.

Moody's Investors Service

Moody's Investors Service

Moody’s Japan K.K.

Corporate Finance Group
Analyst
Yukiko Asanuma
Masako Kuwahara
Vice President – Senior Analyst
Corporate Finance Group

Moody’s Japan K.K.

Moody's Investors Service

Moody's Investors Service

Moody’s Japan K.K.

Corporate Finance Group
Vice President – Senior Analyst
Masako Kuwahara

If you have any questions regarding Credit Trends, please contact Eriko Yamada.