Turn Outlooks into Insights

16 Cities | 4 weeks

16 January 2018 - 9 February 2018

Where are the credit markets heading in 2018?

Each year Moody’s Credit Trends brings together over 1,100 senior investors, issuers and intermediaries to discuss credit insights, potential scenarios and the risks that you might be facing in the year ahead.

Against a backdrop of stronger macroeconomic growth and the potential for normalising monetary policy: Will credit markets remain robust as monetary stimulus fades? What are the risks that political or other shocks could derail the supportive macroeconomic and fiscal trends? How will European banks continue to cope with profitability challenges?

Credit Trends not only seek answers to these big questions, but enables you to get behind the headlines into the key drivers of credit for sovereigns, financial institutions and corporates for the year ahead.

Featured Speakers

Global Themes Shaping Credit in 2018
Rob Fauber
President, Moody’s Investors Service
Catalunya: What's Next
José María Gay de Liébana
Economics Professor, University of Barcelona
Post-Brexit UK
Iain Anderson
Executive Chairman,  Cicero Group
Monetary Policy and Financial Risks
Olivier Irisson
Chief Financial Officer, Groupe BPCE
Default and Rating Trends
Colin Ellis
EMEA Chief Credit Officer, Moody’s Investors Service

Agenda Highlights

08.30    Registration & Coffee

09.00    Welcome Address

Global Themes Shaping Credit in 2018

09.10     Keynote Presentation: EU Sovereigns 

While Political Risks Flare Up Intermittently, Fundamentals Provide Support

  • Near-term economic stability, but longer-term macroeconomic risks remain
  • Institutions matter, and the European framework helps most countries to formulate policy responses
  • Update on Brexit and other political issues of the time such as Catalunya
  • Debt tolerance of high-income countries – what if yields start to rise?

09.50    Presentation: Default and Rating Trends

Insight into Moody’s Proprietary Data

  • Key drivers of default rates in the year ahead: Exploring potential scenarios
  • Credit quality trends across sectors

10.10    Spotlight Conversation: Regional Outlook  

11.00    Networking & Coffee Break

11.30    Plenary Panel:  Banking

How Will European Banks Continue to Cope with Profitability Challenges

  • Levers that European banks can pull to mitigate profitability pressures and tighten profitability differential with US peers
  • How quickly can Italian, Spanish, Portuguese and Irish banks reduce non-performing loans
  • Overview of different banks have failed/resolved in Southern Europe

12.15     Plenary Panel:  Corporates

Which Sectors Will Lead in a Context of Stronger Economic Growth and Tighter Monetary Policies

  • Which corporate sectors might suffer or benefit from more normal levels of interest rates
  • Discussing how M&A, investment plans and financial policies might evolve
  • What is the potential for environmental, social and governance (ESG) issues to impact on investment decisions and credit quality
  • Differences in corporate credit trends by country / region

12.55    Closing Remarks

13.00   Close of the Event

2018 Global Credit Themes

Growth
The global economy will maintain solid momentum through 2018.
Financial stability
Build-up of risks to financial stability after a decade of low interest rates.
Political and geopolitical risk
Major 2017 global political risks have receded, however regional and country-specific political and geopolitical risks remain.
Technology and innovation
Rapid technological change will continue to transform production processes, business models, and government regulation, all of which will impact credit fundamentals.
Climate change and sustainability
The 2016 Paris Agreement boosted globally coordinated climate action and sustainable financing, while 2017 natural disasters have reinvigorated discussion over disaster preparedness, insurance availability, and infrastructure investment.
Demographics
The demographic transition taking place over the next two decades will create many challenges for governments and commerce.

Join us to get behind the key issues that will shape credit in 2018

Dublin

January 16, 2018
The Westbury
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Amsterdam

January 17, 2018
The Dylan
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Brussels

January 18, 2018
Amigo Hotel
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Paris

January 23, 2018
Park Hyatt Vendome
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Vienna

January 23, 2018
Le Meridien
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Zurich

January 24, 2018
Widder Hotel
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Stockholm

January 24, 2018
Grand Hotel
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Frankfurt

January 25, 2018
Sofitel Frankfurt Opera
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Copenhagen

January 25, 2018
Hotel Nimb
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London

January 30, 2018
Grand Connaught
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Munich

February 6, 2018
Hotel Bayerischer Hof
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Oslo

February 7, 2018
Grand Hotel
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Madrid

February 7, 2018
The Westin Palace
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Lisbon

February 8, 2018
Four Seasons
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Helsinki

February 8, 2018
Hotel Kamp
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Milan

February 9, 2018
Grand Hotel et de Milan
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Why Attend

NETWORK
Network with top Moody's analysts and key market participants
Discover
Discover fresh perspectives on the market dynamics
Analyze
Analyse which trends will have the most significant impact in the year ahead

Over 2000 participants have already signed up

  • Allianz GI
  • Aviva
  • Axa
  • Barings
  • BBVA
  • BNP Paribas
  • BMO Global AM
  • Canada Life Investments
  • Candriam
  • CM CIC AM
  • Credit Suisse AM
  • Danske Capital
  • Deka Investments
  • Deutsche AM
  • Erste Asset Management
  • Eurizon
  • Fidelity
  • GAM
  • Generali Investments
  • HSBC
  • ING Intesa Sanpaolo
  • Investec
  • JP Morgan
  • KBC AM
  • La Banque Postale AM
  • Legal and General
  • Lombard Odier AM
  • MEAG
  • Morgan Stanley
  • Natixis
  • Nordea
  • Norges Bank
  • Pension Services
  • Pioneer Investment
  • Prudential
  • RBC
  • RBS
  • Rothschild
  • Santander
  • SEB
  • Societe Generale
  • State Street
  • Swedbank
  • Swiss Re 
  • Talanx AM
  • UBS AM
  • Union Investment
  • Zurich Insurance