Moody's hosted a webinar on Thursday, 17 September 2020 and discussed updates on sovereign and banking issues of Armenia, Azerbaijan and Uzbekistan.

Sovereign Session: Limited global trade linkages, fiscal and policy buffers offer some resilience to sovereign credit profiles

• Risks to global economy skewed to the downside, but region is less exposed to global trade except for commodity exports
• Economic risks for the region stem mainly from coronavirus-related movement restrictions
• Track record of fiscal prudence, effective monetary and macro policies, albeit limited, provide some policy buffers

Banking Session: Capital buffers will support banks’ credit profiles amid coronavirus shock

• Small and medium-sized enterprise (SME) and consumer loans are at the greatest risk
• Corona-related credit losses will be substantial 
• Strong earnings and ample capital buffers will prevent solvency erosion for banks

Speakers: 
• Yaroslav Sovgyra, Associate Managing Director, Banking (moderator)
• Christian Fang, Associate Vice President - Analyst, Sovereign
• Olga Ulyanova, Vice President - Senior Credit Officer, Banking

Analysts participating in Q&A:
• Lev Dorf, Associate Vice President - Analyst, Banking
• Petr Paklin, Vice President - Senior Analyst, Banking
• Maria Malyukova. Associate Vice President - Analyst, Banking

This discussion lasts approximately 60 minutes and includes a Q&A session.

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches