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Join the conversation at the annual Moody’s US Public Finance Conference to engage with policy experts, senior industry leaders, and Moody’s analysts.

AGENDA

8:00 AM Registration

8:00 AM Pre-Conference Workshop: Explore Upcoming Enhancements of Moody's CreditView

Discover how to improve your credit analysis on muni assets by bringing together credit ratings, research and data within Moody’s CreditView.

» Presented by Moody’s Analytics

9:00 AMWelcoming Remarks

» Michael Rowan, Managing Director, Global Public Project & Infrastructure Finance, Moody’s Investors Service

9:10 AMThe 30-year Bond You Buy Today: Evolving Credit Trends

Moderator

» Anne Van Praagh, Managing Director, Global Strategy & Research, Moody’s Investors Service

Panelists

» Linda Gibbs, Principal, Bloomberg Associates

» Tom Kozlik, Head of Municipal Strategy and Credit, HilltopSecurities

10:00 AMIncome Disparity and its Impact on Government Credit

Income disparity between countries, across regions, and within localities can create multiple channels of credit risk.  It can limit a government’s revenue raising capacity, drive social spending such as affordable housing and healthcare, and spur other government efforts to improve “fairness.”

Moderator

» Marcia Van Wagner, VP-Senior Credit Officer, State Ratings, Moody’s Investors Service

Panelists

» Vicki Been, Deputy Mayor for Housing and Economic Development, City of New York

» Baye Larsen, Vice President – Senior Credit Officer, State Ratings, Moody’s Investors Service

» Rachael McDonald, Vice President – Senior Credit Officer, US Housing Finance & State Revolving Funds, Moody’s Investors Service

» Nick Lehman, Vice President – Senior Analyst, Local Government Ratings, Moody’s Investors Service

10:50 AMNetworking Break

11:10 AMCyber Risks in Public Finance

The increasing number of cyber-attacks reflect a growing credit risk for state and local governments, public utilities and enterprises, and universities. Across these sectors, the magnitude of the risks vary, as do the potential mitigants.

Moderator

» Leonard Jones, Managing Director-Public Finance, US Local Governments, Moody's Investors Service

Panelists

» Derek Vadala, Chief Executive Officer, Cyber Assessments

» Lisa Goldstein, Associate Managing Director, US Public Finance Healthcare Ratings, Moody’s Investors Service

» Lesley Ritter, Vice President – Senior Analyst, Cyber Risk, Moody’s Investors Service

» Munish Walther-Puri, Director of Cyber Risk, New York City Cyber Command

12:00 PMLunch

1:15 PMBreakout Session I

Track A:  Climate Risks in Public Finance

Some parts of the country have too much water, some not enough.  Many environmental utilities in the most rapidly growing areas are challenged to find enough supply and expand capacity.  Many others are located in areas that face the most significant risks from storms and rising sea levels. What do those risks mean over the term of a 30-year bond?

Moderator

» Matt Butler, Vice President – Senior Analyst, State Ratings, Moody’s Investors Service

Panelists

» Michael Wertz, Vice President – Senior Analyst, Local Government Ratings, Moody’s Investors Service

» Khalid Husain, Vice President, Environmental Social & Governance Group, Moody’s Investors Service

» Lindsay Ross, Macroeconomic Risk Senior Analyst, Four Twenty Seven

Track B:  Infrastructure and Demographics: Migration Trends, Aging Population and Aging Infrastructure Assets

Migration trends are increasingly driving credit quality within public finance, and infrastructure quality is key to attracting people who bring along jobs, students and tax revenue. Competition for population growth is fierce as the nation ages and public finance issuers need to work harder to differentiate themselves to attract residents that will help their economies grow and finances stabilize. This competition is having an outsized effect on the K-12 school district sector, healthcare and higher education, as well as local governments.

Moderator

» Chandra Ghosal, Vice President-Senior Analyst, Public Finance Group, Moody’s Investors Service

Panelists

» Pisei Chea, Assistant Vice President, State Ratings, Moody’s Investors Service

» Chris Collins, Assistant Vice President, US Higher Education, Moody’s Investors Service

» Frank Mamo, Assistant Vice President, Local Government Ratings, Moody’s Investors Service

2:15 PMBreakout Session II

Track C:  Technology: How Will Long-term Technological Change Impact Governments and Enterprises?

Fundamental shifts in technology will have broad impacts across public finance sectors.  For example, changes in the auto industry will impact government user taxes, mobility within cities, and infrastructure demands.  The growth of online learning is intensifying higher education competition across borders.

Moderator

» Dan Seymour, Vice President – Senior Analyst, Ratings Process & Oversight, Moody’s Investors Service

Panelists

» Robard Williams, Senior Vice President, Credit Strategy & Research, Moody’s Investors Service

» Ted Hampton, Vice President – Senior Credit Officer, State Ratings, Moody’s Investors Service

» Jennifer Chang, Vice President – Senior Analyst, Public Project and Infrastructure Finance, Moody’s Investors Service

Track D:  Special Revenue Pledges: What Does a Pledge Mean Now?

The developing outcome of Puerto Rico’s debt restructuring and litigation surrounding it has raised the question of how meaningful a special revenue legal pledge is in distress. In this new context, what does a legal pledge mean compared to the credit fundamentals of the parent?

Moderator

» Greg Lipitz, Vice President – Senior Credit Officer, Local Government Ratings, Moody’s Investors Service

Panelists

» Naomi Richman, Senior Vice President, Public Finance Group, Moody’s Investors Service

» Kurt Krummenacker, Senior Vice President, Public Project and Infrastructure Finance, Moody’s Investors Service

» Genevieve Nolan, Vice President – Senior Analyst, State Ratings, Moody’s Investors Service

» David Strungis, Assistant Vice President, Ratings Process & Oversight, Moody’s Investors Service

3:00 PMConference Concludes

AGENDA

8:00 AM Registration

8:00 AM Pre-Conference Workshop: Explore Upcoming Enhancements of Moody's CreditView

Discover how to improve your credit analysis on muni assets by bringing together credit ratings, research and data within Moody’s CreditView.

» Presented by Moody’s Analytics

9:00 AMWelcoming Remarks

» Michael Rowan, Managing Director, Global Public Project & Infrastructure Finance, Moody’s Investors Service

9:10 AMThe 30-year Bond You Buy Today: Evolving Credit Trends

Moderator

» Anne Van Praagh, Managing Director, Global Strategy & Research, Moody’s Investors Service

Panelists

» Linda Gibbs, Principal, Bloomberg Associates

» Tom Kozlik, Head of Municipal Strategy and Credit, HilltopSecurities

10:00 AMIncome Disparity and its Impact on Government Credit

Income disparity between countries, across regions, and within localities can create multiple channels of credit risk.  It can limit a government’s revenue raising capacity, drive social spending such as affordable housing and healthcare, and spur other government efforts to improve “fairness.”

Moderator

» Marcia Van Wagner, VP-Senior Credit Officer, State Ratings, Moody’s Investors Service

Panelists

» Vicki Been, Deputy Mayor for Housing and Economic Development, City of New York

» Baye Larsen, Vice President – Senior Credit Officer, State Ratings, Moody’s Investors Service

» Rachael McDonald, Vice President – Senior Credit Officer, US Housing Finance & State Revolving Funds, Moody’s Investors Service

» Nick Lehman, Vice President – Senior Analyst, Local Government Ratings, Moody’s Investors Service

10:50 AMNetworking Break

11:10 AMCyber Risks in Public Finance

The increasing number of cyber-attacks reflect a growing credit risk for state and local governments, public utilities and enterprises, and universities. Across these sectors, the magnitude of the risks vary, as do the potential mitigants.

Moderator

» Leonard Jones, Managing Director-Public Finance, US Local Governments, Moody's Investors Service

Panelists

» Derek Vadala, Chief Executive Officer, Cyber Assessments

» Lisa Goldstein, Associate Managing Director, US Public Finance Healthcare Ratings, Moody’s Investors Service

» Lesley Ritter, Vice President – Senior Analyst, Cyber Risk, Moody’s Investors Service

» Munish Walther-Puri, Director of Cyber Risk, New York City Cyber Command

12:00 PMLunch

1:15 PMBreakout Session I

Track A:  Climate Risks in Public Finance

Some parts of the country have too much water, some not enough.  Many environmental utilities in the most rapidly growing areas are challenged to find enough supply and expand capacity.  Many others are located in areas that face the most significant risks from storms and rising sea levels. What do those risks mean over the term of a 30-year bond?

Moderator

» Matt Butler, Vice President – Senior Analyst, State Ratings, Moody’s Investors Service

Panelists

» Michael Wertz, Vice President – Senior Analyst, Local Government Ratings, Moody’s Investors Service

» Khalid Husain, Vice President, Environmental Social & Governance Group, Moody’s Investors Service

» Lindsay Ross, Macroeconomic Risk Senior Analyst, Four Twenty Seven

Track B:  Infrastructure and Demographics: Migration Trends, Aging Population and Aging Infrastructure Assets

Migration trends are increasingly driving credit quality within public finance, and infrastructure quality is key to attracting people who bring along jobs, students and tax revenue. Competition for population growth is fierce as the nation ages and public finance issuers need to work harder to differentiate themselves to attract residents that will help their economies grow and finances stabilize. This competition is having an outsized effect on the K-12 school district sector, healthcare and higher education, as well as local governments.

Moderator

» Chandra Ghosal, Vice President-Senior Analyst, Public Finance Group, Moody’s Investors Service

Panelists

» Pisei Chea, Assistant Vice President, State Ratings, Moody’s Investors Service

» Chris Collins, Assistant Vice President, US Higher Education, Moody’s Investors Service

» Frank Mamo, Assistant Vice President, Local Government Ratings, Moody’s Investors Service

2:15 PMBreakout Session II

Track C:  Technology: How Will Long-term Technological Change Impact Governments and Enterprises?

Fundamental shifts in technology will have broad impacts across public finance sectors.  For example, changes in the auto industry will impact government user taxes, mobility within cities, and infrastructure demands.  The growth of online learning is intensifying higher education competition across borders.

Moderator

» Dan Seymour, Vice President – Senior Analyst, Ratings Process & Oversight, Moody’s Investors Service

Panelists

» Robard Williams, Senior Vice President, Credit Strategy & Research, Moody’s Investors Service

» Ted Hampton, Vice President – Senior Credit Officer, State Ratings, Moody’s Investors Service

» Jennifer Chang, Vice President – Senior Analyst, Public Project and Infrastructure Finance, Moody’s Investors Service

Track D:  Special Revenue Pledges: What Does a Pledge Mean Now?

The developing outcome of Puerto Rico’s debt restructuring and litigation surrounding it has raised the question of how meaningful a special revenue legal pledge is in distress. In this new context, what does a legal pledge mean compared to the credit fundamentals of the parent?

Moderator

» Greg Lipitz, Vice President – Senior Credit Officer, Local Government Ratings, Moody’s Investors Service

Panelists

» Naomi Richman, Senior Vice President, Public Finance Group, Moody’s Investors Service

» Kurt Krummenacker, Senior Vice President, Public Project and Infrastructure Finance, Moody’s Investors Service

» Genevieve Nolan, Vice President – Senior Analyst, State Ratings, Moody’s Investors Service

» David Strungis, Assistant Vice President, Ratings Process & Oversight, Moody’s Investors Service

3:00 PMConference Concludes

Speakers

Featured Speakers

Linda Gibbs
Principal, Social Services

Guest Speaker

Bloomberg Associates

Guest Speaker

Bloomberg Associates

Principal, Social Services
Linda Gibbs
Tom Kozlik
Head of Strategy and Credit

Guest Speaker

HilltopSecurities

Guest Speaker

HilltopSecurities

Head of Strategy and Credit
Tom Kozlik
Lindsay Ross
Senior Analyst

Guest Speaker

Four Twenty Seven

Guest Speaker

Four Twenty Seven

Senior Analyst
Lindsay Ross
Derek Vadala
Chief Executive Officer

Guest Speaker

Cyber Assessments

Guest Speaker

Cyber Assessments

Chief Executive Officer
Derek Vadala
Vicki Been
Deputy Mayor for Housing and Economic Development

Guest Speaker

City of New York

Guest Speaker

City of New York

Deputy Mayor for Housing and Economic Development
Vicki Been

Moody's Speakers

Anne Van Praagh
Managing Director - Global Strategy & Research, Credit Strategy & Standards

Moody's Investors Service

Moody's Investors Service

Managing Director - Global Strategy & Research, Credit Strategy & Standards
Anne Van Praagh
Marcia Van Wagner
Vice President - Senior Credit Officer
State Ratings

Moody's Investors Service

Moody's Investors Service

State Ratings
Vice President - Senior Credit Officer
Marcia Van Wagner
Baye Larsen
Vice President - Senior Credit Officer
State Ratings

Moody's Investors Service

Moody's Investors Service

State Ratings
Vice President - Senior Credit Officer
Baye Larsen
Rachael McDonald
Vice President - Senior Credit Officer
US Housing Finance & State Revolving Funds

Moody's Investors Service

Moody's Investors Service

US Housing Finance & State Revolving Funds
Vice President - Senior Credit Officer
Rachael McDonald
Nicholas Lehman
Vice President – Senior Analyst
Local Government Ratings

Moody's Investors Service

Moody's Investors Service

Local Government Ratings
Vice President – Senior Analyst
Nicholas Lehman
Leonard Jones
Managing Director
US Public Finance Group

Moody's Investors Service

Moody's Investors Service

US Public Finance Group
Managing Director
Leonard Jones
Lisa Goldstein
Associate Managing Director
US Public Finance Healthcare Ratings

Moody's Investors Service

Moody's Investors Service

US Public Finance Healthcare Ratings
Associate Managing Director
Lisa Goldstein