Credit Trends Italy 2027
The trends are clear. Their credit impact isn't.
AI, geopolitics, private credit and energy are reshaping credit, but not evenly and not everywhere at once. Credit Trends looks at what each of these means where you invest, issue and lend.
Every agenda is built for its market. In Italy, the focus is:
- The new macro regime: Italy's elections, fiscal outlook and the euro-area policy path
- Defense, energy and competitiveness: the big risks for Italian credit
- AI and data centers: translating the build-out into credit
- Italian banks, corporates and securitization: differentiation across sectors
- Rating transitions: what Moody's data shows for European and Italian credit in 2027
Speakers
Steffen Dyck
Senior Vice President, Sovereign Risk
Moody's Ratings
Vitali Morgovski, CFA
Vice President - Senior Analyst, Corporate Finance
Moody's Ratings
Marcella Pavesi
Assistant Vice President, Corporate Finance
Moody's Ratings
Venue
Palazzo Parigi
20121 Milan
Italy
Virtual Events
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Steffen Dyck is a Senior Vice President in Moody’s Sovereign Risk Group.
Based in Frankfurt, he is the lead analyst for a portfolio of European sovereigns including Italy and, until recently, Germany.
Steffen is also co-heading the Sovereign group’s ESG work.
Up until early 2018, Steffen was the lead analyst for number of sovereigns and multilaterals in the Middle East, including Egypt and most of the Gulf Cooperation Council members.
Before relocating to Frankfurt in June 2015, Steffen was based in Moody’s Singapore office, where he covered sovereigns in the Asia-Pacific region as well as in the Middle East.
Prior to joining Moody’s in 2012, Steffen worked for more than six years with Deutsche Bank’s Risk Analysis team in Frankfurt and Singapore, covering macroeconomic and sovereign risk analysis across Asia (ex-Japan), Latin America, and Sub-Saharan Africa. He also helped manage the bank’s sovereign rating processes.
Vitali Morgovski is Vice President – Senior Analyst within Moody’s EMEA Corporate Finance Group based in Frankfurt. He has lead analyst responsibility for a diverse portfolio of companies from the business and consumer services sector, manufacturing, aerospace and defense as well as auto suppliers.
Vitali joined Moody’s as an Assistant Vice President – Analyst in December 2017. Prior to this, Vitali worked for SEB and Commerzbank as a credit research analyst covering corporates across various industries.
Vitali is a CFA charterholder and holds a master degree in business administration from the Justus-Liebig University Giessen, Germany.
Marcella Pavesi is an Assistant Vice President - Analyst in the Corporate Finance Group team based in Frankfurt.
Marcella joined Moody’s in September 2017. She covers the European Building Material and Building Products portfolio, as well as European construction companies. Previously, Marcella covered Aerospace and Defense and Airlines portfolios, as well as a portfolio of Manufacturing companies.
Prior to joining Moody´s, Marcella worked in Audit in Deloitte in Luxemburg and in Transaction Services (Financial Due Diligence) in PwC in Frankfurt.
Marcella completed cum laude her Master Degree at Bocconi University in Finance and Accounting in April 2017. At the same time, she pursued the Master Degree in Business Administration with a specialization in Accounting at Mannheim University.