Apr 25, 07:00 PM - 08:00 PM (CET)
CFA Society Spain invita a sus socios a una conferencia en colaboración con Moody´s Ratings el próximo jueves 25 de abril a las 19 horas en Casa Club (Pinar, 17) sobre:
RATINGS: PERFORMANCE, TRANSITIONS AND DEFAULTS
About the speaker :
Jorge R. Valez
Senior Vice President Credit Strategy & Research
Moody's Ratings
Jorge R. Valez is a Senior Vice President in Moody's Credit Strategy & Research team in London. Since he joined Moody's in 2014, he heads the Financial Analytics team, developing quantitative forward-looking analyses of sectors and institutions, including modelling solvency trends, as well as scenario analysis.
Prior to joining Moody's in 2014, Jorge worked as a macroeconomist responsible for forecasting and scenario analysis, and as a university lecturer in macroeconomics and econometrics.
Jorge is a PhD in Econometrics and holds degrees in Economics and in Business
About the conference :
Rating agencies play an important role in financial markets. Credit ratings have become the language of credit and help deepen the shared understanding of credit risk. But given the relevance of ratings in financial markets, it is important to consider what ratings are - and what they are not.
In this event, we will discuss the role of ratings in financial markets. We will use our extensive proprietary data, some of which dates back a century, to illustrate how ratings correlate with credit risk, focusing on the crystallization of credit risk: defaults. We will discuss rating performance metrics, rating transitions and current rating distributions across rated entities. We will also analyse triggers of default; in other words, why entities default and how that experience on root causes of default inform our rating methodologies. We will also examine the relation between ratings and alternative signals of credit risk from financial markets, and how ratings correlate with the economic and credit cycles. As ratings are a measure of expected loss, we will also analyse data for recoveries for different levels of subordination.
Finally, we will share Moody's views on the current state of the credit cycle, as well as recent default and rating trends across sectors, regions, and asset classes.
IMPORTANTE :
Evento exclusivo para socios/abonados de CFA Society Spain.
Aforo limitado.
Es obligatorio realizar el registro en el siguiente link: INSCRIPCIÓN
Saludos cordiales y os esperamos!
CFA Society Spain
La asistencia al evento supone la autorización para que todas las imágenes que se puedan tomar durante su celebración puedan ser utilizadas posteriormente con finalidad informativa en boletines o informaciones sobre el mismo por parte de CFA Society Spain o los patrocinadores del evento. En todo momento podrá ejercer sus derechos de acceso, rectificación, cancelación y oposición a través de comunicación escrita a la dirección indicada aportando fotocopia de su DNI o documento equivalente y concretando su solicitud.