Popular Moody's courses in Singapore include those on credit documentation and credit rating analyses

The following seminars are some of the most popular in Singapore, according to Moody's Analytics:

Covenants and Documentation

November 11 | Singapore | US$1,695 | 

The seminar will focus on how financial professionals should review credit documentation, and what pitfalls to look out for in this process. The course will focus on covenants and other features designed to protect investor interests and emphasize ways in which these defensive tools can be undermined by creative drafting. Moody's methodology for evaluating covenants in bond indentures will be discussed, and participants will learn how Moody's framework for assessing covenant quality can be applied to their daily work.

Register

Corporate Credit Rating Analysis

November 17 to 19 | Singapore | US$3,895 |  

This seminar provides delegates with an understanding of the rating practices employed by Moody's Investors Service for assessing corporate credit risk – from rating methodologies and financial ratios to a rating committee simulation. Designed as an intermediate level course, the underlying goal is to improve delegates' use of ratings in their work.

Register

Interested?

View Moody's Analytics' full Public Seminar suite 

A number of new courses to its portfolio have been added, none of which have upcoming dates listed for the Asia Pacific or Middle East regions as yet. These include:

• Capital Structure From IPO to Distress
• Corporate Governance - Applications and Implementation
• Debt Capital Markets
• Risk Culture Building Workshop
• Understanding Truthful and Deceptive Communication

One Belt, One Road initiative has many advantages for China, says Moody's

The One Belt, One Road initiative (also called Belt and Road, 一带一路) will promote China’s regional integration, says Moody's Investor's Service in a sector report titled One Belt, One Road Is Credit Positive, Despite Rising Overseas Risk Exposure dated 20 July 2015. The company says the initiative as it will improve intra-regional commercial and financial links and boost renminbi internationalisation.

Within China, the report's authors say the initiative will channel investment into China’s underdeveloped inland and western provinces, stabilising widening regional disparities. Financial institutions with regional presence or experience in intra-regional financing will benefit from the One Belt, One Road initiative, as will large, financially strong Chinese corporates.

Geopolitical considerations and the large infrastructure financing requirement are risks to implementation, however.

Interested?

Access the One Belt, One Road Is Credit Positive, Despite Rising Overseas Risk Exposure report (subscription required)
Read the TechTrade Asia blog post about The Media Foundation's plans to leverage on One Belt, One Road

Moody's seminars for Q2 2015

A new crop of Moody's training seminars are now available. All courses are available in-house and customisation can be discussed. Email trainingemea@moodys.com (Middle East) or trainingasiapac@moodys.com (Asia Pacific) with enquiries.

Americas
trainingamericas@moodys.com
1.212.553.3898 

EMEA
trainingemea@moodys.com
44.207.772.1569  
Asia-Pacific
trainingasiapac@moodys.com
852.3551.3159
- See more at: http://www.moodysanalytics.com/Breakout-Info/Public-Seminars/Credit-Reasoning-and-Writing?mkt_tok=3RkMMJWWfF9wsRoivq3JcO%2FhmjTEU5z17%2BgsWK%2B2gIkz2EFye%2BLIHETpodcMT8BnMbDYDBceEJhqyQJxPr3MKtEN0dZ3RhLiAA%3D%3D#sthash.qeMQ7tjt.dpuf

Corporate Credit Rating Analysis

This intermediate level seminar provides delegates with an in-depth understanding of the rating practices employed by the Moody's Investors Service for assessing corporate credit risk – from rating methodologies and financial ratios to a rating committee simulation. 

Location     Date                    Price 

Istanbul       Jul 29-31, 2015     £2,495 

Singapore    Apr 20-22, 2015    US$3,895 

Singapore    Nov 2-4, 2015       US$3,895 

Hong Kong  Nov 16-18, 2015    US$3,895 

Dubai          May 19-21, 2015   US$3,295 

Dubai          Nov 24-26, 2015   US$3,295 

Register here.

Moody's Credit Masterclass

This is an overview seminar that brings participants through all stages of the credit process – from obligor analysis, making credit decisions, monitoring credits, and identifying and acting on the early warning signs of deteriorating credit quality, to managing problem credits and mitigating loss during debt restructurings and workouts. 

The course will draw on the insight, research, and rating methodologies of Moody's, and participants will be given practical tools which will serve as work aides when they are back in the field.

Location     Date                    Price 

Dubai          May 10-14, 2015    US$4,995

Register here.

Fundamentals of Corporate Credit 

This seminar provides participants with a foundation of skills that helps them reach sound, reliable judgments of a company's creditworthiness. Applying a structured framework, delegates will be able to identify and assess key qualitative and quantitative factors in determining credit risk. 

Location     Date                         Price  

Hong Kong   May 18-21, 2015        US$4,395 

Sydney        Aug 31-Sep 3, 2015    US$4,395 

Singapore    Dec 8-11, 2015           US$4,395 

Dubai          Jun 14-17, 2015         US$4,395

Register here.

Covenants and Documentation 

The seminar will focus on covenants and other features designed to protect investor interests and emphasise ways in which these defensive tools can be undermined by creative drafting. Moody's methodology for evaluating covenants in bond indentures will be discussed, and participants will learn how Moody's framework for assessing covenant quality can be applied to their daily work. 

Location     Date               Price  

Hong Kong   May 15, 2015   US$1,695 

Sydney        Oct 16, 2015    US$1,695 

Singapore    Nov 5, 2015      US$1,695

Register here. 

Corporate Credit & Cash Flow Analysis 

This seminar explores the importance of cash flow analysis in the credit assessment process. In addition, it reviews credit risk issues of companies with international activities and the challenges of dealing with off-balance sheet and contingent liabilities. It also introduces the concepts of corporate valuation and its usefulness for assessing company solvency.

Location      Date               Price 

Singapore    Jun 3-5, 2015  US$3,895

Register here.

Corporate Credit & Cash Flow Analysis

Hong Kong May 15, 2015  USD 1,695 Sydney  Oct 16, 2015  USD 1,695 Singapore  Nov 5, 2015  USD 1,695 - See more at: http://www.moodysanalytics.com/Breakout-Info/Public-Seminars/Covenants-and-Documentation?mkt_tok=3RkMMJWWfF9wsRoivq3JcO%2FhmjTEU5z17%2BgsWK%2B2gIkz2EFye%2BLIHETpodcMT8BnMbDYDBceEJhqyQJxPr3MKtEN0dZ3RhLiAA%3D%3D#sthash.ddSzN2rB.dpuf

Location Date Price  Hong Kong  May 18-21, 2015  USD 4,395 Sydney  Aug 31-Sep 3, 2015  USD 4,395 Singapore  Dec 8-11, 2015  USD 4,395 - See more at: http://www.moodysanalytics.com/Breakout-Info/Public-Seminars/Fundamentals-of-Corporate-Credit#sthash.dOXMvXC9.dpuf

Dubai  May 10-14, 2015  USD 4,995

Dubai  May 10-14, 2015  USD 4,995

Moody's Analytics announces Spring 2015 Public Seminars

Moody's Analytics has announced its Spring 2015 Public Seminars Schedule. The company is offering group pricing for companies which send more than three colleagues to attend a public seminar. Email TrainingAsiaPac@moodys.com to discuss special arrangements. Seminars include:

Fundamentals of Corporate Credit

Reach sound judgments of a company's creditworthiness. Delegates will be able to identify and assess key qualitative and quantitative factors in determining credit risk. 

Location	Date	Price
Singapore	February 9 to 12	US$4,395
Hong Kong	May 11 to 14	US$4,395
Dubai	June 7 to 10	US$4,395
Sydney	August 31 to September 3	US$4,395
Singapore	December 8 to 11	US$4,395

Covenants and Documentation

Delegates will review credit documentation, and learn what pitfalls to look out for. The course will focus on covenants and other features designed to protect investor interests and emphasise how these tools can be undermined by creative drafting. Moody's methodology for evaluating covenants in bond indentures will be discussed, and participants will learn how Moody's framework for assessing covenant quality can be applied to their daily work.

Location	Date	Price
Hong Kong	May 15	US$1,695
Sydney	October 16	US$1,695
Singapore	November 5	US$1,695

Moody's says it's a stable outlook for non-financial corporates in Asia excluding Japan

Moody's Investors Service says its outlook on Asia's non-financial corporates (excluding Japan) remains stable, reflecting a modest improvement in external demand, led by the US, still-accommodative global monetary conditions, and an orderly economic rebalancing in China.

"Against a supportive macroeconomic backdrop, the majority of our rated Asian corporates will maintain sufficient liquidity and access to financing to manage their borrowing and refinancing needs," says Philipp Lotter, a Moody's Managing Director.

Lotter was speaking on the release of Moody's 2015 outlook for Asian non-financial corporates (ex-Japan), which reflects Moody's expectations for fundamental business conditions in the industry over the next 12 to 18 months.

According to Moody's, most industry and corporate outlooks are stable. Large industries including steel, telecommunications, utilities and refining have stable outlooks; only coal and Chinese property have negative outlooks.

"Rated entities can absorb the effects of rebalancing in China. Adequate liquidity, healthy access to bank funding, and market-oriented reforms will help most rated Chinese corporates absorb a measured slowdown in growth and weakness in the property market," says Gary Lau, a Moody's Managing Director.

"Moreover, we expect leverage to stabilise and cross-border refinancing needs to moderate. That said, weaker names in sectors such as property and mining will continue to face downward ratings pressure on the back of China's economic rebalancing away from investment and credit-led growth."

Moody's has changed its outlook on India's corporate sector to stable from negative. The firm said this is due to the expectation that economic recovery, enhanced access to global capital markets and successful implementation of pro-market policies will lead to improved corporate cash flows.

The outlook for Asian corporates could still turn negative if China's property market and real economy failed to stabilise, with headline growth falling below 6%, or if the normalisation in US monetary policy triggers a spike in regional borrowing costs and foreign-exchange volatility, leading to liquidity and refinancing concerns among Asian issuers.

Conversely, Moody's would consider a positive outlook if the successful passage of economic reforms across the region - notably in China, India and Indonesia - led to improved growth quality, market liberalisation and higher productivity, the company said.

Moody's Investor Services launches Inside Asia quarterly

Source: Moody's Inside Asia.

Moody's Investors Service has released its inaugural edition of Inside Asia, a quarterly publication highlighting its credit analysis and research across sovereigns, corporates, financial institutions and structured finance credits across the region.

"Our ratings and research coverage across Asia has grown in lockstep with the deepening of the region's bond markets in recent years," says Michael Taylor, a Moody's Managing Director and Chief Credit Officer for Asia Pacific.

Moody's notes the region will face challenges in the coming 12 months.

"Our expectation of a steady recovery in external demand, especially from the US, still-favourable global liquidity conditions and the region's fundamental strengths and defences against external shocks all support a stable outlook for regional credit," says Rahul Ghosh, a Moody's Vice President and Senior Research Analyst.

"Nonetheless, significant downside risks exist, including the possibility of a more pronounced growth slowdown in China and the potential for market instability as the US Federal Reserve shifts towards normalising interest rates," adds Ghosh.

These features are included in the inaugural publication:

• Asian Credit Quality Will Be Stable in 2015 Despite Global and Regional Challenges

• A Property Downturn in China Would Exert a Marked, but Manageable Economic Impact

• Indonesia: Stable Outlook under Next Government, Despite External Challenges

• India Banking System Outlook Negative but Net New NPLs Have Peaked

Further data and analysis are covered in the Asia Dashboards section of Moody's new publication. Subscribers can access the report here.

Moody's sees incremental measures in India in a positive light

Moody's Investors Service says in a new report that the Government of India and the Reserve Bank of India's recent economic, fiscal and financial measures will, if successfully implemented, sustain higher GDP growth and address some of the constraints on India's sovereign credit profile.

Moody's analysis is contained in India: Recent Policy Changes to Support Growth Acceleration, which analyses the potential impact of labour and investment policies that comprise the Make in India campaign, financial inclusion measures, infrastructure development initiatives, clarity around inflation targets, as well as banking and energy sector reforms.

Moody's points out that these measures are incremental rather than radical. However, together, the various measures will harness India's economic advantages of size, diversity and a deep pool of labour and savings. Based on evidence from other countries and India's own experience in the prior decade, Moody's expects the incremental reforms to raise productivity, savings and investment growth.

Given the early days and the incremental nature of policy change, Moody's expects that it will take several quarters for an improvement in quantitative and qualitative credit metrics to crystallise.