Moody’s Investors Service says about a quarter of the countries it rates have a negative credit outlook because stimulus measures and sluggish growth have hurt creditworthiness.
If Britain loses access to the EU single market, its credit rating could be downgraded, said ratings agency Moody’s Investors Service. “The UK’s Aa1 sovereign rating would be downgraded if the UK’s loss of access to the European Single Market following Brexit were to materially weaken medium-term growth and if the credibility of UK fiscal policy were to be undermined,” according to a Moody’s statement
|Moody’s Global Teleconference Series:
Risks from Rising Emerging Markets External Debt
August 3 & 4
Moody’s Investors Service will be hosting two teleconferences to discuss the recently published Infrastructure Default and Recovery Rates, 1983-2015. Please click on your preferred date and time below to register.
APAC: Thursday, July 21, 2016 – 10:00AM HKT / 11:00AM JST / 12:00PM AEST
» Please click here to register for the APAC session
Both sessions will be led by:
» Andrew Davison, Senior Vice President, Project & Infrastructure Finance (Moderator)
» Suzanne Wingo, Global Group Credit Officer, Project & Infrastructure Finance
» Federico Beckmann, Credit Strategy and Standards Analyst, Project & Infrastructure Finance
» Varun Agarwal, Assistant Vice President, Credit Strategy and Standards
The following topics will be discussed:
» The nature of Infrastructure and the composition of Moody’s rated portfolio of Infrastructure Debt
» Trends in credit quality, including rating transition
» Default rates, recovery rates and credit loss rates
» Rating accuracy and performance
These calls will last approximately 45 minutes. A replay will be available after the call.
Registration for all calls is required. Please click on your preferred session to receive the dial-in details.
In light of the UK public’s vote to leave the EU, Moody’s Investors Service will hold a teleconference and live webcast series to discuss our views on the credit implications of Brexit across a range of sectors. These include: sovereign, sub-sovereign, corporates, infrastructure, and banking. We will discuss the possible scenarios and timing for the UK’s withdrawal process from the EU and its future relationship with the single market.
This discussion will include the following topics:
» What does Brexit mean for the sovereign rating?
» How will different trade agreements affect the sovereign rating and other sectors over
the medium to long term?
» UK banks’ profits likely to be impacted, but what about their overall credit?
» What will likely be the near-term reaction of UK and non-UK companies?
» What are some of the medium term implications for the public sector?
Speakers on these calls:
» Colin Ellis, Managing Director, Credit Policy (moderator)
» Kathrin Muehlbronner, Senior Vice President, Sovereign Risk
» Simon Ainsworth, Senior Vice President, EMEA Banking
» Richard Morawetz, Vice President – Senior Credit Officer, Corporate Finance
» Graham Taylor, Vice President – Senior Analyst, EMEA Infrastructure Finance
» Jennifer Wong, Vice President – Senior Analyst, Moody’s Public Sector Europe
The prepared remarks will last approximately 30 minutes and will be followed by a 30 minutes Q&A session. Analysts from the structured finance group will be also available during the Q&A.
|Monday, 4 July 2016
8:00am BST / 3:00pm HKT / 5:00pm AEST
|Register here >>|
Participants are encouraged to submit their questions prior to the event. Please firstname.lastname@example.org.
Moody’s Investors Service will hold a teleconference on Tuesday, 5 July 2016 to discuss the Global Shipping Industry.
This discussion will be led by:
» Ian Lewis, Associate Managing Director, Corporate Finance Group
» Maria Maslovsky, Vice President – Senior Analyst, Corporate Finance Group
» Mariko Semetko, Vice President – Senior Analyst, Corporate Finance Group
» Brian Grieser, Vice President – Senior Analyst, Corporate Finance Group
The following topics will be discussed:
» Worsening aggregate earnings outlook for 2016
» Continued weak conditions for the dry bulk segment
» Oversupply in the container shipping segment
» Moody’s more subdued outlook on the tanker segment
» Factors that could change the outlook to stable
The related report may be viewed at the following link:
Shipping-Global: Low Freight Rates and EBITDA Decline Drive Negative Outlook (June 22, 2016)
The discussion will last approximately 30 minutes and will be followed by an opportunity to engage with the analysts during the Q&A session. Registration is required via REGISTER NOW to participate in this teleconference.
|Moody’s Teleconference : Australian 2016 Credit Outlook – Impact of External Risks and Domestic Rebalancing on Australian Credit
Wednesday, 17 February 2016, 11:00 Hong Kong / 12:00 Tokyo / 14:00 Sydney
· Australia’s economic and sovereign outlook within a global context
· Recent market volatility and credit implications
· China, commodities, currency and confidence
· Real estate, interest rates and regulation
Patrick Winsbury, Associate Managing Director, Corporate Finance and Financial Institutions Groups
Arnon Musiker, Vice President – Senior Credit Officer, Infrastructure Finance Group
The entire session — with prepared remarks and the Q&A — will last about one hour
If you wish to participate, please RSVP early. Dial-in numbers will be provided.
Registration Is Required
Replay information will be provided to registrants after the teleconference.
Submit Questions in Advance
Participants are encouraged to submit questions in advance of the teleconference by clickinghere.
Multi-Period Credit Risk Analysis: A Macro-Scenario Approach
|Host: Juan Licari|
|Date: November 12, 2015|
|Time: 9:00 a.m. ET / 2:00 p.m. GMT|
SPONSORED BY PRMIA • NOVEMBER 12, 2015 • 2:00 PM GMT
Dynamic stress testing and multi-period credit portfolio analysis are increasingly becoming priorities for risk managers. However significant challenges emerge when it comes to building stochastic multi-period environments.
In this presentation, Dr. Juan Licari of Moody’s Analytics will present an innovative framework for stochastic scenario generation that allows risk managers and economists to build multi-period environments, integrating conditional credit and market risk modeling to meet dynamic stress testing needs.
Quantifying Risk Appetite in Limit Setting
Date: Tuesday, November 3, 2015
Time: 8:00 am (San Francisco) / 11:00 am (New York) / 4:00 pm (London)
Moderator: Andy Condurache, Director of Research and Publications
Presenter: Dr. Amnon Levy, Managing Director of Portfolio and Balance Sheet Research is responsible for research and model development for Moody’s Analytics portfolio and balance sheet models. Dr. Levy has led several research initiatives, including modeling credit portfolio risk, integrated models for balance sheet management and liquidity risk.
Risk appetite is a concept that many firms have trouble quantifying and incorporating into their management activity. In addition to prudent business practices, there are very specific capital requirements around having a clear statement of risk appetite and incorporating it into business decision making.
- Overview of a number of approaches for setting risk- and macro scenario-based limits to quantify a risk appetite statement
- How risk-based limits with risk-based metrics align with an organization’s risk appetite
- Business applications and best practices for setting limits
Moody’s Analytics Launches Risk Perspectives –
Integrated Risk Management Edition
We are pleased to announce the newest edition of Risk PerspectivesTMmagazine. With risk management still highly fragmented and in silos at many firms, this edition focuses on helping financial institutions achieve truly integrated risk management so they can thrive in a world of ongoing regulatory, business, and industry demands.
The publication offers actionable insight to assist risk professionals in their day-to-day efforts to comply with new regulatory guidelines, master data management and infrastructure questions, and create value for their organization through more integrated and leaner risk management. It contains four sections:
To access your FREE copy, please click here to download the PDF version. To read the articles online, please click here. You will need to create a free account on MoodysAnalytics.com to gain unlimited access to our content, including Risk Perspectives.