About the Event


Acuité Ratings & Research brings to you the first edition of the India Credit Risk Summit. Indian banks have been facing the challenge of NPAs at an unprecedented scale. On the other hand, very important reforms in the insolvency & bankruptcy laws have taken place. Credit risk is at the centre of all discussions around the economic future of the country. Hence, this event will be of tremendous importance for lenders and borrowers to understand what lies ahead.

Prof. Edward I Altman, Professor Emeritus of Finance at NYU, Stern School of Business, will be the keynote speaker at the event. He is best known for the development of the Altman Z-Score for predicting bankruptcy. He will share his insights based on 50 years of his work on credit risk management.

This will be followed by a panel discussion - ‘Has the credit cycle bottomed out in India? - bringing together a group of experts to share their thoughts on the medium-term outlook on the credit cycle. The summit will have a global reach and presence of policy-makers, regulators, bankers, investors, and business leaders.

Agenda


February 11, 2019
5:30 pm
Welcome Speech
Sankar Chakraborti - CEO, Acuité Ratings & Research
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5:45 pm
Special Address
Chief Guest
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6:05 pm
Session 1 - 50 years of Z Score, Global Learnings
Prof. Edward I. Altman, Professor Emeritus of Finance, NYU Stern
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6:50 pm
Panel Discussion – Has the credit cycle bottomed out in India?
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7:45 pm
Session 2 – Where are we in the global credit cycle?
Prof. Edward I. Altman, Professor Emeritus of Finance, NYU Stern
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8:30 pm
Q&A and Interactions
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08:45 pm
Vote of Thanks
Suman Chowdhury, President – Ratings, Acuité Ratings & Research
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9.00 pm onwards
Dinner & Cocktails
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Keynote Address


Prof. Edward I. Altman from the NYU Stern School of Business and inventor of the famed Altman Z-Score Credit Risk model, will describe the incredible evolution of his family of Z-Score models over the 50 years since its inception in 1968 and why it is still the most well-known and used corporate distress and default prediction model, globally. He will also discuss current conditions and his outlook for global credit markets and whether the benign credit cycle in many countries will continue, and what are the major risks going forward for the cycle to change to a stressed environment, and what will be the consequences when the cycle does change.

  • Prof. Edward I. Altman

Prof. Edward I. Altman

Edward I. Altman is the Max L. Heine Professor of Finance, Emeritus at the Stern School of Business, New York University. He is the Director of Research in Credit and Debt Markets at the NYU Salomon Center for the Study of Financial Institutions. Prior to serving in his present position, Professor Altman chaired the Stern School's MBA Program for 12 years. Dr. Altman was named to the Max L. Heine endowed professorship at Stern in 1988 and his Emeritus status in September 2015.

Dr. Altman has an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis. He was named Laureate 1984 by the Hautes Etudes Commerciales Foundation in Paris for his accumulated works on corporate distress prediction models and procedures for firm financial rehabilitation and awarded the Graham & Dodd Scroll for 1985 by the Financial Analysts Federation for his work on Default Rates on High Yield Corporate Debt and was named "Professor Honorario" by the University of Buenos Aires in 1996 and “Honorary Doctorate” from Lund University (Sweden) in 2011 and the Warsaw School of Economics in 2015.

He was an advisor to the Centrale dei Bilanci in Italy and to several foreign central banks. Professor Altman is also the Chairman of the Academic Advisory Council of the Turnaround Management Association. He was inducted into the Fixed Income Analysts Society Hall of Fame in 2001, President of the Financial Management Association (2003) and an FMA Fellow in 2004 and was amongst the inaugural inductees into the Turnaround Management Association’s Hall of Fame in 2008. In 2005, Prof. Altman was named one of the “100 Most Influential People in Finance” by the Treasury & Risk Management magazine.

Panel Discussion


Has the credit cycle bottomed out in India?

  • Current credit outlook in India
  • Review the NPA scenario in the banking system
  • What is the extent of residual stress in the banking sector, if any?
  • What kind of financing and liquidity challenges does the corporate sector face in India?
  • Will recoveries step up in FY19 under the IBC framework?
  • Extent of stress in the MSME and the retail portfolio, if any
  • Are credit risk management systems improving in Indian banks?

Acuité Ratings & Research Limited


Acuité Ratings & Research Limited (www.acuite.in) is a full-service credit rating agency registered with SEBI and accredited by RBI. Acuité is possibly India’s fastest growing credit rating agency having completed 52,000+ ratings so far across small, medium and large enterprises. Acuité is now a well-recognized name amongst banks for an impeccable track record of credible ratings and incisive research. Acuité’s initiatives such as the RATINGSBUZZ mobile app, security enabled rating reports have received great appreciation from users of credit rating for solving practical issues they face daily. The company is promoted by SIDBI and Dun & Bradstreet with India’s leading banks (including SBI, ICICI Bank, Standard Chartered, Bank of Baroda, Union Bank among others) as shareholders.