Tuesday 20 August 2019

Moody's GCC summit to discuss impact of shifting credit cycle

DUBAI, March 12, 2019

The impact of the shifting credit cycle on debt issuers in GCC countries will be discussed at Moody's 14th Annual GCC Summit in Dubai tomorrow (March 13).
Analysts from Moody's sovereign, banking, corporate and insurance groups will assess the trends that are likely to shape the credit landscape in the region and around the world over the next 12-18 months.
The outlook for the Islamic finance sector will also be explored during the summit, which will bring together more than 150 investors, issuers and intermediaries.
"Our GCC Summit will explore how global politics and trade tensions affect regional dynamics," said Jehad El-Nakla, general manager at Moody's Investors Service Middle East. "Senior credit analysts will highlight the most exposed sovereigns, financial and corporate sectors as well as growth drivers for the year ahead."
Colin Ellis, Moody's chief credit officer EMEA, and Alexander Perjessy, vice president - senior analyst, Sovereign Risk Group, will look at how global debt issuers will weather weaker growth and higher interest rates. 
They will also explore political and liquidity risk in the GCC and how it could affect sovereign credit profiles.
Marie Diron, managing director, Sovereign Risk Group, will lead a discussion around the key regional growth drivers and vulnerabilities. She will be joined by Perjessy and guest speaker Dr Monica Malik, chief economist, Abu Dhabi Commercial Bank.
GCC banks' resilience, consolidation and regional challenges at a time of economic uncertainty will be addressed during a panel session led by Nitish Bhojnagarwala, vice president -- senior analyst, Financial Institutions Group.
The corporate panel will focus on government policy and interlinkages to corporate credit trends across the region. It will be led by Mario Santangelo, associate managing director, Corporate Finance Group. He will be joined by Rehan Akbar, vice president -- senior analyst; Dion Bate, vice president -- senior analyst; Douglas Rowlings, vice president -- senior analyst; Lahlou Meksaoui, assistant vice president -- analyst and Thomas Le Guay, analyst.
Islamic banking trends and Moody's expectations for sukuk issuance will be in focus during a panel discussion led by Henry MacNevin, associate managing director, Financial Institutions Group. He will be joined by Bhojnagarwala and Ashraf Madani, vice president -- senior analyst.
Closing the conference, Mohammed Ali Londe, assistant vice president -- analyst, Financial Institutions Group, will lead a breakout session on GCC insurers, while Marie Diron and David Staples, managing director, Corporate Finance Group, will discuss Moody's approach to assessing environmental, social and governance (ESG) considerations. - TradeArabia News Service


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