Hear from our analysts about how several key unusual factors have led to NTT Finance receiving the same issuer rating as its parent, NTT.
-
Agenda14.00BST
NTT Finance: Behind the A1 rating on par with parent NTT
- What is so unique about NTT Finance business model and relationship with NTT?
- What are the reasons for rating NTT Finance on par with the parent without an explicit guarantee?
- What other exceptional examples are there of companies and parents or shareholders being rated on par?
-
SpeakersMihoko Manabe Associate Managing Director, Corporate Finance Group Moody's Investors Service
セメトコ 真理子 ムーディーズ・ジャパン株式会社 コーポレート・ファイナンス アソシエイト・マネージング・ディレクター
Clara Lau Senior Vice President/ RPO, Credit Strategy & Standards Moody's Ratings
Julien Haddad Associate Managing Director, Ratings and Research Support Moody's Ratings
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Mihoko Manabe is Associate Managing Director of Moody’s Japan Kabushiki Kaisha. Based in Tokyo, Mihoko heads a team of Corporate Finance, Infrastructure Finance and Sub-sovereign analysts. She oversees ratings and research on over 100 Japanese issuers across a wide range of industrial, utility and public sectors and serves as rating committee chair. Mihoko is also a member of Moody’s Japan’s Board of Directors and Oversight Committee.
Prior to her appointment to her current position in 2017, Mihoko worked at Moody’s New York headquarters, where she was responsible for the ratings of North American utilities and energy companies and authored rating methodologies and global sector research.
Mihoko holds a B.A. in East Asian Studies from Wellesley College. A Chartered Financial Analyst, she is a member of the CFA Institute and the CFA Society Japan.
ムーディーズ・レーティングスのコーポレート・ファイナンス・グループでアソシエイト・マネージング・ディレクターを務める。東京を拠点とし、日本の事業会社と公共インフラファイナンスを担当するアナリスト・チームを率い、公共セクターのチームもカバーする。
マネージャー就任前は、日本と米国の幅広い事業会社および公益企業を担当するリードアナリストとして活躍。投資適格等級および投機的等級それぞれの領域で豊富な分析経験を有する。2006年にムーディーズ入社後はニューヨーク本社で勤務し、2013年に東京支社に異動。
ムーディーズ入社前は、金融業界でクレジット業務に携わる。
Clara Lau is the Group Credit Officer, Corporate Finance, Asia Pacific, based in Hong Kong. She is responsible for overseeing the quality and accuracy of corporate ratings in the region. She also coordinates the development of credit policies, rating methodologies and analytical initiatives, and ensures consistency in their application. Lau has extensive rating experience with a major focus on real estate companies, utilities and conglomerates. Before joining Moody’s in 1997, Lau was the Head of Credit with Credit Suisse in Hong Kong, responsible for assessing and sanctioning corporate credit in North Asia. She had also worked with HSBC in Hong Kong, Singapore and the UK. Lau has a Bachelor of Social Science, majoring in Economics, from the University of Hong Kong and is a CFA Charter holder.
Julien Haddad is an Associate Managing Director in RRS EMEA. He manages the Ratings Associates supporting FIG, Sovereign and Sub-sovereign teams in EMEA.
Prior to that, he was a Vice President – Senior Analyst in Moody’s EMEA Corporate Finance Group based in Dubai. He was primarily covering a portfolio of oil and gas, chemicals, real estate and investment holding companies located in the GCC, with a particular focus on Saudi Arabia.
Julien holds a Master’s degree in Banking and Finance from the University of Lyon, France and a Master’s degree in Management, Finance and International Business from the University of Bergamo, Italy.