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 Global Investors Bio
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Jonas Jepp Managing Director - Leveraged Finance Deutsche Bank Bio
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Sören Riebeling PRINCIPAL KKR 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