Credit Trends - UK

A New Era: Can inflation, energy, and political risks be contained?


A New Era: Can inflation, energy, and political risks be contained?

Explore tensions between the Bank of England and Downing Street in the context of geopolitical risks and the energy crisis.  
Join the in-person event where you will get more clarity on how global themes will play out in the UK, compared to other markets.  


09:00 - 09:30

Registration & Networking

09:35 - 10:35

Credit Conditions ​

Downing Street, Threadneedle and the High Street dilemma

  • Will inflation fall back in 2023? Will expectations become de-anchored from central banks' targets?  
  • Will higher net interest income for banks compensate for slower economic growth and higher loan losses?
  • How will high energy prices, higher cost of living and concerns over security of supply impact corporates?
  • Which industries will suffer the greatest collateral damage from the current credit challenges?
10:35 - 10:55

Default & Rating Trends

Defaults and ratings as the credit cycle has turned

  • Rating: Will downgrades continue surpassing upgrades?
  • How are defaults expected to evolve in 2023?
  • Are risks well signaled?
10:55 - 11:25

Networking & Coffee Break

11:25 - 12:05

Market Discussion

Credit in an unpredictable environment

  • How should we analyse risk in an environment in which so much will be driven by difficult-to-anticipate policy decisions?
  • Where are the greatest threats to the credit environment, and are there plausible upsides?
  • Hunker down or take a view: in such an environment, which sectors are most investible at the moment?
12:05 - 12:45

Climate ​& Net Zero

How will net zero pledges and climate risks reshape economies and capital markets?

  • How does Moody’s analyse transition readiness for companies worldwide? 
  • Why does transition risk matter for credit?
  • How will greater disclosure requirements and data availability help quantify the impact of climate risk on financial markets and the real economy?
12:45 - 13:15

Networking Lunch


Close of the Event

Salman Ahmed Global Head of Macro and Strategic Asset Allocation Fidelity Bio
Neil Williams Chief Economist OMFIF Bio
John Ploeg Principal and Co-Head of ESG Research PGIM Fixed Income Bio
Sandra Veseli Managing Director, Corporate Finance Moody's Investors Service Bio
Sean Marion Managing Director, Structured Finance Moody's Investors Service Bio
Laurie Mayers Associate Managing Director, European Banks Moody’s Investors Service Bio
Alastair Wilson Chief Credit Officer Moody's Investors Service Bio
Joanna Fic Senior Vice President, Infrastructure Finance Moody's Investors Service Bio
Colin Ellis Managing Director, Global Credit Strategist Moody's Investors Service Bio
Jorge Rodriguez-Valez Senior Vice President, Credit Strategy & Research Moody's Investors Service Bio
Evan Wohlmann Vice President - Senior Credit Officer, Sovereign Risk Moody's Investors Service Bio
Rahul Ghosh Managing Director – Sustainable Finance Moody’s Investors Service Bio
Marie Diron Managing Director, Sovereign Risk Moody's Investors Service Bio
Frank Medrisch Vice President - Senior Analyst Moody's Investors Service Bio

Event Details:

Venue Name: etc.venues County Hall

Address: County Hall, Belvedere Rd, London SE1 7PB

Date: January 31, 2023

Time: 09:00 - 13:15 GMT