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Summary
Although, the overall ratings performance among global corporates improved in 2024, with defaults down to 145 from 153 in 2023, the challenges remain significant. Particularly within the consumer/service sector, which has consistently led in defaults for the fourth consecutive year and accounts for nearly 25% of the defaults in the last year.
Join our webinar as Nick Kraemer, Head of Ratings Performance Analytics at S&P Global Ratings, unpacks essential insights from S&P Global's 2024 Annual Global Corporate Default and Rating Transition Study with an in-depth analysis of the current corporate credit risk landscape, the impacts of high interest rates and inflation on corporate financial health, and the key trends and developments that are shaping the current market.
Key Highlights Include:
- The dynamics of sector-specific default trends and their implications for stakeholders.
- The strategies companies are employing to navigate financial pressures and maintain control.
- Insights into the overall improvement in credit quality metrics.
Speakers
S&P Global Ratings
Nick Kraemer
Head of Ratings Performance Analytics
Nick Kramer has been with S&P Global for 20 years. For the past 17, he has been a core member of S&P Ratings Credit Research & Insights team. His research focuses on credit market and rating trends, including leading the firm’s default and issuance forecasts. He has initiated and led the team in expanding the firm’s research purview and depth of governance. He operates as the Deputy Chair of the Global Credit Conditions Committee.
Nick’s work has involved deepening cross-functional collaboration within and beyond Ratings, including economists and partners across the organization’s finance, strategy, analytical, and legal groups; S&P Global Market Intelligence, and S&P Dow Jones Indices. He is an active member of multiple Research Labs, covering market liquidity and leveraged finance. In addition, Nick serves as the Chair of S&P Global Rating’s Ratings Performance Governance Council, a cross-functional committee tasked with governance and publication of the firm’s default and transition information for external publication, including regulatory reporting.
S&P Global Market Intelligence
Rik Millhouse
Director, Risk & Valuation Services
Rik has Over 20 years’ experience in credit risk management services, with expertise in ratings agency methodology and credit modeling.
S&P Global Market Intelligence
Stewart Webster
Director, Risk & Valuation Services
Stewart Webster is a 13-year veteran at S&P Global and currently serves as a Director on the Credit & Risk Solutions team in the Market Intelligence segment. His focus is quantitative risk models that are driven by big data, machine learning, and climate impact. Stewart uses these models to streamline processes and provide workflow automation for the firm’s global clients.
He was also an Associate on the Leveraged Finance team at S&P Global Ratings. In this credit analysis role, he rated high-yield sponsor-backed companies and Middle Market CLOs. He was lead author for the “Credit Estimates within Middle Market CLOs” quarterly series and produced credit research often cited by financial institutions and government agencies. He joined S&P Capital IQ in 2010 where he managed the North America and MENA Private Equity Research teams.
S&P Global Market Intelligence
Jennifer Stevanovic
Customer Success Manager, Risk and Valuation Services
Jennifer Stevanovic joined the firm in 2023 and brings over 18 years of extensive experience in risk management, with a strong focus on both credit risk and supplier risk. At S&P Global Market Intelligence, Jennifer helps clients efficiently navigate and expertly leverage ratings, research, and analytics content to maximize their value.
Questions?
Please contact us if you need more information or have trouble accessing the webinar.