moody's probability of default table 2021who does simon callow play in harry potter
2023 Moody's Investors Service, Inc., Moodys Analytics, Inc. and/or their affiliates and licensors. Chief People OfficerMaral Kazanjian is the Chief People Officer of Moodys Corporation she is also a member of the Executive Leadership Team. (8), United States In this spirit, Moodys accelerated its own net-zero commitments to 2040, advanced its science-based targets, and published its inaugural Stakeholder Sustainability Report.Moodys has continued to strengthen the firms culture of inclusion, built on respect, diversity and openness. Moody's Investors Service analysts use this data to produce the Annual Default Study, read by market participants globally. (2), Liberia (6), Syria By telephone from outside the United States: Modern Slavery and Human Trafficking Statement. (2), Libya (183), Insurance (1), Mississippi I offer my sincere thanks to our employees, stockholders and customers for their support, and I look forward to a prosperous and successful year ahead. (8), Sovereign & Supranational Mr. Kenney reports directly to the Audit Committee of Moodys Board of Directors and reports administratively to Moodys Chief Executive Officer. (6), Hong Kong SAR, China (6), Ghana The Company has filed its annual report on Form 10-K for the year ended December 31, 2021 with the Securities and Exchange Commission.The Form 10-K, along with other Moodys SEC filings and corporate governance documents, are available, without charge, upon request to the Investor Relations Department at the Corporate Office or on ir.moodys.com. Moodys surpassed $6 billion in revenue for the first time and garnered recognition as a Fortune 500 company. Moodys accelerated its own net-zero commitments to 2040, advanced its science-based targets, and published its inaugural Stakeholder Sustainability Report. Prior to her position as Chief of Staff, Ms. Alsop was Managing Director, Head of US Financial Institutions Relationship Management at Moodys Investors Service, where she built customer relationships with institutions to grow coverage and revenue, as well as expanded relationships with existing issuers and intermediaries. from St. Johns University School of Law. As a result of holding these positions, Mr. Van Saun brings financial expertise, management experience and experience managing a business in a highly regulated industry both in the U.S. and in Europe. (1), Louisiana (6), Slovenia (6), Puerto Rico Stockholders and other stakeholders may communicate with the Board, or with a specific director or directors, by writing to: 2022 Moodys Corporation, Moodys Investors Service, Inc., Moodys Analytics, Inc. and/or their licensors and affiliates (collectively, MOODYS). (1), Kansas Once again, our employees powered through the pandemic, working together to support each other and our customers with passion and commitment. Exposure at default is an estimated value that predicts the amount of loss a bank may experience when a debtor defaults on a loan. (2), Leveraged In that role, she supervised the corporate investigations and anti-money laundering divisions and the companys regulatory examination program. Mr. Kenney is responsible for overseeing Moodys Global Internal Audit function, including providing an independent oversight function that evaluates the processes and controls over the organizations financial, technology, ratings and operational activities. (2), Republic of Moldova (41), Periodic Reports (2), Italy The markets looked to Moodys for our expertise and insights in navigating evolving credit conditions, and many organizations sought our help in making better, more informed decisions in financing, screening, lending, insuring and investing. These capabilities are already helping customers better identify, measure and manage a wider range of risks leading to better outcomes.As the pace of digitization and automation continues, so has the prevalence of cyber risk. As such, these ratings incorporate Moody's assessment of the default probability and loss severity of these issuers and issues. (2), Congo, Republic of (ROC) (3), Germany Her experience as the Chairman of the Financial Accounting Standards Board, executive at a major bank and auditor for a major accounting firm allows her to bring to the Board significant knowledge of global accounting and financial reporting matters in addition to regulatory and senior management experience. (2), New Caledonia In 2020, only 2.1% of investment-grade companies fell to speculative grade despite an extremely difficult business environment. (6), Belize If this isn't what you are looking for, you can. (2), Cambodia (2), Tanzania, United Republic of In this role, Ms. Prior to joining Moodys in 2013, Mr. Platt provided M&A and corporate finance advisory services to boards and companies across a wide range of industries. (2), Uganda (1), Wisconsin We invested approximately $150 million organically in technology, data, and product development in addition to pursuing acquisitions that enhance our capabilities and will accelerate our speed to market in areas ranging from environmental, social and governance (ESG) and climate risk to financial crime, commercial real estate (CRE) and supply chain risk.In 2021, we rated over $6 trillion of issuance and served more than 1,100 issuers who accessed the markets for the first time. (2), Cook Islands (3), Norway (2), Default Trends Global December 2022 Default Report - Excel Data, Default Trends Global: December 2022 Default Report, Structured Finance: November 2022 structured rating transitions, Default Trends Global: Compendium of 2021 corporate defaults, Default Trends - Latin America & Caribbean: Latin American corporate default rate will rise gradually in 2023 as growth stalls, Default Trends Global November 2022 Default Report - Excel Data, Structured Finance - Global : October 2022 structured rating transitions (Jan 2009 - October 2022) - Excel supplement, Structured Finance - Global : October 2022 structured rating transitions (Jan 1993 - October 2022) - Excel supplement, Structured Finance: October 2022 structured rating transitions. (18), Colombia I am very proud that our expertise and focus on supporting credit markets was recognized by Institutional Investor as Best Credit Rating Agency for the tenth consecutive year.We also significantly expanded the ways we are helping markets better understand ESG issues, including the risks and opportunities around climate change. Already a Client? (10), Eurozone (2), Bahamas - Off Shore (53), U.S. Public Finance (9), Togo In this role, Mr. Goggins is primarily responsible for providing legal advice to senior management and managing the provision of legal services by a team of inhouse lawyers and outside counsel. (364), Association of Southeast Asian Nations (ASEAN) Prior to that role, Ms. Sullivan supported the Global Wealth &Investment Management business from 2015 to 2017 in a variety of positions including Controller. (7), Vietnam Mr. Serafin joined Qualtrics in October 2016 as Chief Operating Officer. The speculative-grade corporate default rate will climb to 4.3% next year under our baseline forecast, up from 2.3% in September. (1361), Asia Pacific (6), Cayman Islands - Off Shore Maximum pseudo-likelihood estimation was conducted on 3513 firms to calculate . (Hons) in Russian and European Studies from the University of Surrey and speaks fluent Russian. (2), Zambia CREDIT RATINGS ISSUED BY MOODY'S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODYS (COLLECTIVELY, PUBLICATIONS) MAY INCLUDE SUCH CURRENT OPINIONS. His substantive expertise extends to enterprise collaboration services, artificial intelligence and user experience. We also advanced the transition of our banking and insurance solutions to SaaS, deepening and streamlining the ways we support many mid-sized financial institutions. Mr. Forlenza has also served since August 2021 as a director of MARABio Systems Inc., a startup company developing a diagnostic test for autism. (1), The Big Picture Prior to becoming chief executive officer, he was the chief operating officer and held various additional roles. LONDON, March 10, 2021 - Moody's ESG Solutions Group today announced the launch of Climate Solutions, a comprehensive product suite that provides market participants with enhanced risk measurement and evaluation tools to better understand, quantify and manage climate risks and opportunities.Climate Solutions incorporates physical and transition risk into Moody's best-in-class risk . As a senior executive at JPMorgan, she played key roles in managing JPMorgans Asia and capital markets businesses through challenging financial climates. 12/31/2021: 21.08: 28.68: 11/30/2022: 3.52-13.12: 12/31/2022-.51-18.13: 2023 Moody's Investors Service, Inc., Moodys Analytics, Inc. and/or their affiliates and licensors. He served as Senior Managing Director, Global Ratings and Research, of Moodys Investors Service from November 2000 until November 2001 and as Managing Director, International from 1996 to November 2000. Mr. Fauber served as Vice PresidentCorporate Development from September 2005 to April 2009. So far in the fourth quarter there have been nine defaults, four based in China as Chinese real estate developers continue to face funding challenges (see "Asia-Pacific Credit Outlook 2022 China Decelerates, Fed . 2023 Moody's Investors Service, Inc., Moodys Analytics, Inc. and/or their affiliates and licensors. (1), Illinois (6), Niger (6), Croatia (6), Denmark The trailing 12-month global speculative grade corporate default rate held steady at 2.6%. Sector in-depth Refinancing risk rises for US companies as maturities peak, interest rates increase, economy weakens (2), Australia (2), SMEs and Mid-caps: A Focus on Funding http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1258722. Measured by default rates, Hotel, Gaming & Leisure will be the most troubled sector. (2), Romania (1), North Carolina Shivani holds an MBA from the Johnson School at Cornell University and a B.Sc. He also serves as the Chairman of the Audit Committee of The Bank Policy Institute. (191), Rating Transition Studies (2), St. Vincent and the Grenadines (1), West Virginia (1), Iowa (2), Malawi She also serves as the Senior Independent Director at National Grid plc (March 2014-present).Ms Esperdys extensive experience in global investment banking and financial markets provides her with strategic and financial expertise that is critical to overseeing the Companys strategies. MANAGEMENT'S DISCUSSION AND ANALYSIS Key underlying assumptions subscription streaming services and other over-the-top providers Our 2022 guidance ranges presented in "2022 Full-Year continue to grow in popularity; Consolidated Guidance" are based on many assumptions in Media, continued growth in sports and relative stability in . (2), Iraq There are three major credit rating agencies (Standard & Poor's, Moody's, and Fitch) that provide ratings on bond. The probability of default (PD) is the probability of a borrower or debtor defaulting on loan repayments. There are no sessions currently scheduled, Bank Asset & Liability Management Solutions, Buy-Side Asset & Liability Management Solutions, Pension Plan, Endowments, and Consultants, Current Expected Credit Loss Model (CECL), Internal Capital Adequacy Assessment Program (ICAAP), Simplified Supervisory Formula Approach (S)SFA, Debt Market Issuance, Analysis & Investing, LEARN MORE ABOUT VIRTUAL CLASSROOM COURSES. (2), Gambia (1), Minnesota (6), Ivory Coast The last term is a measure for the probability that the firm defaults in period t + s, where t is the default probability at time t, . All rights reserved. (2), Brazil (2), Lithuania Vice President, Global Tax Scott Kapusta joined Moodys in 2007 and is the companys Head of Global Tax. Please reduce your list by using the filtering tool to the left. (5), Palau Mr. Fauber joined Moodys in 2005 and has held multiple leadership roles at Moodys. He also served on the boards of ConvergEx Inc. from May 2007 to October 2013, Direct Line Insurance Group plc from April 2012 to October 2013 and WorldPay (Ship Midco Limited) from July 2011 to September 2013, and on the franchise board of Lloyds of London from September 2012 to May 2016.Mr. (1), Idaho in government and psychology from Georgetown University. (10), Gulf Cooperation Council (6), Isle of Man In addition to serving international credit markets, we expanded our support for domestic markets and began offering local credit ratings in Brazil as part of the ongoing expansion of our Moodys Local business across Latin America. He also served as chairman of that companys board for approximately eight years. This, combined with Moodys experienced leadership and its talented and diverse workforce, will enable continued generation of enduring value for stockholders and other important stakeholders. 2 and 3 respectively.MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY550,000,000.MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. While default risks are growing, the global speculative-grade default rate is not likely to rise sharply over the next 12 months. (6), Burkina Faso (6), Djibouti Prior to that, Mr. Howell held a variety of leadership positions since originally joining BAH in 1988. (2), Bermuda He is a Trustee at the University of Pennsylvania and a member of their board of overseers of the School of Engineering and Applied Science. (2), Bangladesh TABLE OF CONTENTS INTRODUCTION 1 GOVERNANCE 2 STRATEGY 3 RISKS ASSOCIATED TO CLIMATE CHANGE 3 . Chief Financial OfficerMark Kaye is the Chief Financial Officer of Moodys Corporation with responsibility and oversight for all global financial activities. Global corporate default rate will climb as macroeconomic and credit conditions worsen, Global corporate default rate will nearly double in a year. All rights reserved. Non-NRSRO Credit Ratings are assigned by an entity that is not a NRSRO and, consequently, the rated obligation will not qualify for certain types of treatment under U.S. laws. We see our role as a corporate citizen to help build a world where more people have access to opportunity and where everyone has the resources to grow and thrive. (9), Slovakia From September 2009 to October 2012, Mr. Serafin served as General Manager at Tellme Networks, Inc., a telephone-based applications provider, following its acquisition by Microsoft Corporation. He currently serves as a member of Qualtrics board of directors.Having served as a senior executive of major technology and software companies, Mr. Serafin brings extensive digital and technology expertise as well as executive management experience. Liberia ( 6 ), Palau Mr. Fauber served as Vice PresidentCorporate Development from September 2005 to April 2009 2.3... Governance 2 STRATEGY 3 risks ASSOCIATED to CLIMATE CHANGE 3 Liberia ( )! 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