Nippon Telegraph & Telephone Corporation (NTT): Behind the review for downgrade of Japan’s telecom giant
US & EMEA Edition
Join our analysts as they discuss the key credit factors driving the recent action to place NTT's A2 ratings on review for downgrade.
Discussion topics:
- What drove the recent review for downgrade?
- What factors will the review focus on going forward?
- How does NTT compare with overseas peers in the telecom industry?
Speakers
Mariko Semetko
Associate Managing Director, Corporate Finance
Moody's Ratings
Ryohei Nishio
Vice President - Senior Analyst, Corporate Finance
Moody's Ratings
Emile El Nems
Vice President - Senior Credit Officer, Corporate Finance
Moody's Ratings
Confirm cancellation
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Mariko Semetko is an Associate Managing Director for the Corporate Finance Group (CFG) for Moody’s Ratings. Based in Tokyo, she leads a team of analysts covering Japanese nonfinancial corporates and public infrastructure finance, and oversees the public sectors.
Prior to becoming a manager, Mariko was a lead analyst for a variety of corporates and utilities in Japan and the US. She has extensive experience both in the investment-grade and high-yield spaces. Mariko transferred to the Tokyo office in 2013 after working in the New York office since joining the company in 2006.
Ryohei Nishio is a Vice President - Senior Analyst with Moody’s Corporate Finance Group. Based in Tokyo, he covers a portfolio of Japanese corporates in various sectors, including telecom, beverage, and manufacturing.
Before joining Moody’s, Ryohei worked for J.P. Morgan in Tokyo as a Credit Officer, covering a wide range of large Japanese corporate clients. Prior to that, he started his career at Rating and Investment Information, Inc. as a Rating Analyst.
Ryohei holds a Bachelor of Commerce and Management from Hitotsubashi University. He is a CFA charterholder, and a member of the CFA Society Japan.
Emile El Nems is a Vice President - Senior Credit Officer on the Technology, Media and Telecommunications Team covering a portfolio of investment grade and high yield issuers in a number of verticals, including social media, diversified telecommunication service providers, media, entertainment and interactive media services.
Prior to his work on the Technology, Media and Telecommunications Team, Emile covered issuers on the Homebuilding, Building Materials and Packaging Team. Prior to joining Moody’s in 2019 as a VP-Lead Analyst, Emile was a portfolio manager at a large US hedge fund for five years and a managing director responsible for a Technology, Media and Telecommunications portfolio at a European hedge fund for seven years.
Before his asset management experience, Emile was a principal in the Investment Banking Group at Thomas Weisel Partners and a team leader in the Investment Banking Group at Banc of America Securities covering global wireline and wireless telecommunications, cable, and media companies. Emile received his MBA in finance from Columbia University and BS in Chemical Engineering from Stevens.