Name: Structured Finance Canada Developments and Performance Outlook
Start: 2023-10-27T19:57:00Z
End: 2023-10-27T19:57:45.000Z
Location: BrightTALK
Rating: 0

Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, we are one of the top four credit rating agencies in the world and a market leader in Canada, the U.S. and Europe in multiple asset classes.



Join Morningstar DBRS on 12 December 2024 for a webinar hosted by Sonja Forster, Senior Vice President, European Financial Institution Ratings and Arnaud Journois, Senior Vice President, European Financial Institution Ratings. Our analysts will focus on European banking trends in 2024 and delve into the challenges expected in 2025, with emphasis on the impact of rate cuts, asset quality trends, the geopolitical environment and regulatory changes.

The discussion will last approximately 30 minutes and will be followed by an interactive question-and-answer session. Morningstar DBRS welcomes all who wish to participate.

2025 Credit Outlook: European Banking

During the third quarter of 2024, Morningstar DBRS issued and refreshed a total of 381 CEs across 362 borrowers for 27 lenders including managers of CLOs and private credit funds. Total volumes include CEs assigned to new borrowers and existing CEs refreshed for periodic review and amendments, as well as a handful of internal assessments. Currently, Morningstar DBRS assigns CEs to about 1,400 leveraged corporate borrowers. CEs are not credit ratings, but rather point-in-time assessments of credit quality, which are used to estimate borrower default likelihood in CLOs, rated feeder funds, investment fund debt, equipment leases, and other structured finance transactions.

Join Morningstar DBRS on December 11 at 1:00 p.m. ET for a Frontline Perspectives webinar detailing third-quarter CE activity and performance, presented by Jerry van Koolbergen and Orest Gavrylak. The discussion will highlight overall credit quality, financial metrics year-to-date, revenue growth, and anticipated CE volume in the final quarter of 2024.

Frontline Perspectives: Credit Estimate Quarterly Snapshot Q3 2024

DBRS Morningstar invites you to attend a webinar on the 10th of December. The webinar will be hosted by Mario De Cicco, Vice President, Global Insurance & Pension Ratings and Javier Rouillet, Senior Vice President, Global Sovereign Ratings

In this webinar, they will provide observations on the performance of the Italian Insurance sector during 2024, as well as our outlook for 2025. Our analysts will share their perspectives on the potential challenges and opportunities for Italian insurers that lay ahead in the current macroeconomic and geopolitical environment.

The discussion will last approximately 30 minutes and will be followed by an interactive question-and-answer session. Morningstar DBRS welcomes all who wish to participate.

*This webinar will be in English

2025 Credit Outlook: Italian Insurance

Join Morningstar DBRS for a webinar on 04 December hosted by Jorge Espinosa, Assistant Vice President, Global Sovereign Ratings. 

In this webinar, they will provide insights on the evolution of the fiscal performance of the Spanish regions in 2024, as well as our outlook for 2025. Our analysts will share their perspectives on the potential challenges and opportunities for these regions and discuss interest rates, debt metrics and fiscal consolidation.
The discussion will last approximately 30 minutes and will be followed by an interactive question-and-answer session. Morningstar DBRS welcomes all who wish to participate.

2025 Credit Outlook: Spanish Autonomous Communities

Join us for a discussion on the Canadian Structured Finance Market, where panelists will focus on the state of the Canadian consumer in the current macroeconomic environment. You can also expect a general performance update of asset classes and a deep dive into the EV market as the sector grows.

2025 Credit Outlook Toronto: Canadian Structured Finance Performance Update

Kunal Kapoor, CEO, Morningstar sat down with Suzanne Akers, CRO, AIMCo to discuss how their organizations are navigating sustainability in long-term investments, incorporating ESG risks and changing market dynamics.

2025 Credit Outlook Toronto: Morningstar and AIMCo Fireside Chat

While the march towards energy transition continues, the road is filled with unique challenges. Join us for an in-depth conversation with Matthew A. Akman, Executive Vice President, Corporate Strategy and President, Power at Enbridge, as he provides his insights on Enbridge’s approach to investing in renewable energy. The discussion will include an overview of Enbridge’s investment preferences and a discussion on the challenges associated with the regulatory environment, tariffs, access to key raw materials and grid infrastructure.

2025 Credit Outlook Toronto: How Enbridge is Navigating the Energy Transition Roadway

Morningstar DBRS invites you to join us at 2025 Credit Outlook: Germany, where we will present key insights and risk factors for the year ahead.

2025 Credit Outlook: Germany

Numerous countries and corporations globally have now established definitive energy transition objectives. Progress is underway, but many challenges lie ahead in meeting the various objectives. In a panel discussion moderated by Aran Thavaraja, Director, Corporate Debt Strategy, BMO Capital Markets, our Corporate analytical team will discuss how rated entities in project finance, auto manufacturing, engineering and construction, airlines, and fuel production are managing the energy transition pathway. We will provide our thoughts and opinions on planned strategies, progress, challenges, geopolitical considerations, and credit implications for entities in these specific sectors.

2025 Credit Outlook Toronto: Assessing Energy Transition Strategies and Credit Implications

Although the Bank of Canada has started its monetary policy easing cycle, credit, regulatory, and regional challenges still persist for the Canadian banks. Housing costs continue to weigh down Canadian households, commercial real estate, particularly the office sector, remains a concern, the U.S. regional bank sector is posing headwinds, regulatory developments continue to drive capital management strategies, and operational risk management issues are causing heightened concerns.

2025 Credit Outlook Toronto: Canadian Banks - Credit, Regulatory, and Regional Challenges Persist

Hear from our sovereign team on recent and historical rating actions and trends, as well as our global economic outlook for 2025 as we consider geopolitical risks and tensions.

2025 Credit Outlook Toronto: Global Sovereign Outlook

Join Morningstar DBRS for a Frontline Perspectives webinar as we examine the growing penetration of private-label CSPs globally, and the implications thereof for manufacturers of branded CSPs and grocers.

Although inflation is normalizing, prices of consumer staple products remain elevated. This, combined with high interest rates that are only slowly declining, has continued to squeeze consumer purchasing power, contributing to the growing penetration of private-label CSPs. In 2022 and 2023, sales of private-label CSPs grew considerably more than those of their branded counterparts, and now account for around 40% and 20% of the total grocery market value in Europe and the U.S., respectively, while in the U.K., private-label CSPs make up more than 50% of all grocery sales. Does the proliferation of private-label CSPs signal the beginning of the end for branded consumer product companies?

Frontline Perspectives: Branded Versus Private-Label Consumer Staple Products - The Battle Continues

Join Morningstar DBRS on September 11 for a Frontline Perspectives webinar on trends in global corporate real estate and CMBS sectors. Some of these include the growth of data centers as an asset class, re-opening up of the NA CMBS market and acceleration of Corporate Real Estate issuance, and an update on the trends in CMBS surveillance.

Frontline Perspectives: Trends In Global Corporate Real Estate and CMBS Sectors

During the second quarter of 2024, Morningstar DBRS issued and refreshed a total of 286 CEs across 279 borrowers for 26 lenders including managers of CLOs and private credit funds. Total volumes include CEs assigned to new borrowers and existing CEs refreshed for periodic review and amendments, as well as a handful of internal assessments. Currently, Morningstar DBRS assigns CEs to about 1,400 leveraged corporate borrowers. CEs are not credit ratings, but rather point-in-time assessments of credit quality, which are used to estimate borrower default likelihood in CLOs, rated feeder funds, investment fund debt, equipment leases, and other structured finance transactions.

Join Morningstar DBRS on September 10 for a Frontline Perspectives webinar detailing second-quarter CE activity and performance, presented by Jerry van Koolbergen and Orest Gavrylak. The discussion will highlight overall credit quality, financial metrics year-to-date, revenue growth, and anticipated CE volume in the third quarter of 2024.

Frontline Perspectives: Credit Estimate Quarterly Snapshot Q2 2024

Join Morningstar DBRS' analysts for a discussion of U.S. banking companies Q2 earnings and trends. John Mackerey, Senior Vice President and Sector Lead, North American Financial Institution Ratings and Mike McTamney, Senior Vice President, North American Financial Institution Ratings, will discuss capital levels, funding and liquidity, and credit quality trends, as well as what can be expected moving forward with monetary policy uncertainty.

The discussion will be followed by a Q&A session.

Frontline Perspectives: U.S. Banks' Q2 2024 Earnings Round-Up

OSFI has recently announced a one-year delay in the phase-in period for the implementation of a 72.5% Basel III output floor in Canada. While the adoption of the revised output floor comes with potential economic costs, we view full adoption and implementation as further strengthening Canadian banks' ability to withstand financial shocks.

Join us for a discussion on the implementation in Canada of the final Basel III capital floor rule and implications for the banks' capital management and optimization activities.  

The discussion will be followed by a Q&A for all who wish to participate, and a recording will be provided at the same link for those unable to attend.

Frontline Perspectives: OSFI's Extension of the Output Floor Phase-In Timeline

Watch Morningstar DBRS' analysts hosted webinar on India’s macroeconomic outlook post elections. The cumulative and ongoing benefits of India's reform efforts look likely to lift potential growth rate and facilitate fiscal consolidation.

Frontline Perspectives: India's Outlook After the Election

Morningstar DBRS is pleased to present the latest Frontline Perspectives webinar focused on the key policy changes from the UK General elections held on Thursday 4th July, 2024.

Nichola James, Managing Director of Global Sovereign Ratings, and Adriana Alvarado, Senior Vice President, Sector Lead of Global Sovereign Ratings reviewed the overarching themes observed during the elections. The webinar provides valuable perspectives on the implications and challenges for the UK. The presentation is 20 minutes.

Frontline Perspectives: The UK General Election - Key Policy Challenges

Q&A with Scott Hartz, CIO, Manulife Financial Corporation

Diversified Industry Dynamics: Macro Trends Buffet Firms, While AI Empowers Them

Global Sovereign Outlook: Rising Rates, Rising Tensions, and Rising Temperatures

Managing the Curve: How Real Estate Entities are Handling Rate Risk

Solid Fundamentals Position Large Canadian Banks for Growth Opportunities

Sports Investment: The Full-Court Press is On

Can Insurers Maintain Profitability Amidst High Interest Rates & Climate Change?

Carrots, Sticks & Responsibly Producing Oil & Gas

Credit Outlook Canada 2024 On-Demand

This session will focus on developments in the Canadian securitization market in 2023 including an update on issuance levels in the ABS and ABCP markets. Year to date performance of consumer-backed asset classes will be the focus of the performance update as we examine how Canadian consumers are managing to continue to pay their bills following the unprecedented series of interest rate hikes over the last two years. Panelists Mike Jefferson, CIBC and Prem Williams, TD will discuss their latest initiatives in their bank-sponsored ABCP conduits to provide investors additional confidence in the face of economic headwinds.  The session panelists will conclude with an outlook on performance in the consumer-backed asset classes.

Structured Finance Canada Developments and Performance Outlook

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Credit Risk

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Bonds

Capital Markets

CMBS

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Structured Finance Canada Developments and Performance Outlook

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