Moody's hosted a webinar on Thursday, 26 November 2020 at 9:00 GMT | 12:00 MSK with an update on Kazakhstan.

Moody’s analysts will discuss the credit environment and the prospects for sovereign, banking and corporates ratings in the region amidst the current global crisis.

Discussion Topics & Speakers
12:00 – 12:15 (MSK) Kazakhstan sovereign: longer-term credit drivers intact, but risks have increased
  • Medium-term economic prospects robust despite large shock and 2020 recession
  • Fiscal and debt metrics stronger than peers, provide policy buffers
  • Successive waves of infection and lockdowns, confidence in currency and reforms are key risks
Christian Fang, Assistant Vice President - Analyst, Sovereign Risk Group, Moody's Investors Service

12:15 – 12:30 (MSK) Kazakhstan banks: government support prevents sharp credit deterioration
  • Loan book is susceptible to prolonged pandemic-induced pressure
  • Government support and low unemployment support the banks’ credit profiles
  • High inflation and weak currency confidence are still a challenge
Semyon Isakov, Vice President - Senior Analyst, Financial Institutions Group, Moody's Investors Service

12:30 – 12:45 (MSK) Corporates Session: Economic recovery and government support will shape credit environment for corporates
  • Credit impact of Covid/Oil price shock on rated corporates
  • Liquidity and default expectations
  • Oil sector outlook
Victoria Maisuradze, Associate Managing Director, Head of Russia & CIS Corporates, Moody's Investors Service
Artem Frolov, Vice President, Senior Credit Officer, Corporate Finance Group, Moody's Investors Service

12:45 – 13:15 (MSK) Q&A Session

MODERATOR: Yaroslav Sovgyra, Associate Managing Director, Head of Russia & CIS Banking, Moody's Investors Service

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