European High Yield, Leveraged Loans & CLO Briefing

Navigating the New Normal

Navigating the New Normal

Markets are facing a new reality – “A New Normal”. We’re now in an environment characterised by slower economic growth, higher interest rates, lower valuations and a plethora of geopolitical risks capable of destabilising markets. 

This new landscape prompts us to ponder:

  • How will these conditions alter the behaviours and financial strategies of key market players, including issuers, sponsors, the banking community, and the CLO market?
  • What will this mean for issuance levels, deal structures, and the deployment of exceptionally high levels of dry powder?
  • What are the implications for covenants and credit quality, defaults, and recovery prospects?
  • How will private credit evolve - can it coexist with the broader syndicated market, and if so, how will this play out?

Agenda

09:30
CEST

Registration & Networking Coffee

10:05
CEST

Moody's Panel: Challenges and Opportunities for LBOs and CLOs

  • What are Moody’s expectations for credit quality?
  • How will European recoveries compare with the past?
  • What does this mean for LBOs and CLO issuance?
10:40
CEST

Private Credit in Focus - Peaceful Coexistence or Fierce Competition with Syndicated Markets?

  • How do we see the future role of private credit evolving?
  • What risks will emerge as private credit grows and takes shape?
11:00
CEST

Networking Break

11:20
CEST

Guest Speaker Panel: Searching for Yield - New Reality, New Strategies

  • How will financing and investment strategies change?
  • Do we expect more market discipline or creative solutions?
  • Will there be a meeting of the minds on seller and buyer valuations?
11:50
CEST

Sector Outlooks

We'll start this session with an overview of the manufacturing, chemicals, and software sector covering the topics below, before going into a Q&A session with the lead analysts.

  • Ratings performance and expectations
  • Underlying credit trends
  • Refinancing risks
12:25 - 13:25
CEST

Networking Lunch

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Alexander Ball Senior Portfolio Manager Allianz Bio
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Jonas Jepp Managing Director - Leveraged Finance Deutsche Bank Bio
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Andreas Botterbusch Vice President - Senior Analyst, Structured Finance Moody's Ratings Bio
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Anton Horozov Analyst, Corporate Finance Moody's Ratings Bio
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Artur Mendes Assistant Vice President - Analyst, Corporate Finance Moody's Ratings Bio
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Chris Scott Assistant Vice President - Analyst, Corporate Finance Moody's Ratings Bio
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Dirk Gödde Vice President - Senior Analyst, Corporate Finance Moody's Ratings Bio
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Karen Berckmann Associate Managing Director, Corporate Finance Moody's Ratings Bio
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Marcella Pavesi Assistant Vice President, Corporate Finance Moody's Ratings Bio
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Matthias Hellstern Managing Director, Corporate Finance Moody's Ratings Bio
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Svitlana Ukrayinets Assistant Vice President – Analyst Moody's Ratings Bio
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Thorsten Klotz Managing Director, Structured Finance Group Moody's Ratings Bio

Location


Event Details:

Venue Name: Moody's Deutschland

Address: An d. Welle 5, 60322 Frankfurt am Main, Germany