2025 Credit Outlook Europe

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.

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.

Global economic conditions have remained broadly favorable during 2024. as major central banks in the Americas and Europe have begun reducing interest rates with the easing of inflationary pressures. As rates continue to gradually decrease, monetary policy is expected to be less of a drag on economic activity in 2025. While the IMF World Economic Outlook predicts global growth in the year ahead, we remain cautious of the impacts of U.S. policy changes, regional conflicts, China's domestic growth and tension with Western democracies, and increasing climate and weather risks.

Further, democracies with federal elections in 2025 include Canada, Australia, Germany, and Poland, all of which could change the global landscape. Affordability concerns and low consumer confidence has persisted in many advanced economies, resulting in political discontent and weaker private consumption growth.

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

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.

Join Morningstar DBRS for a 2025 Credit Outlook webinar on Italy's macroeconomic economic outlook presented by Javier Rouillet, Senior Vice President, Global Sovereign Ratings.

In this webinar, we will discuss overall recent economic developments, main growth drivers and factors to watch in 2025. Also, we will be discussing public finance trends.

Join us on 28 January for a 2025 Credit Outlook webinar on European Auto Industry, Finance, and ABS hosted by Robert Streda, Senior Vice President, European Corporate Ratings, Halil Senturk, Assistant Vice President, European Financial Institution Ratings and Guglielmo Panizza, Vice President, European ABS Ratings.
Key topics to be discussed:

• The automotive market conditions in Europe, highlighting factors such as potential tariffs, and our overall credit rating outlook for the automotive industry in 2025.
• The performance of captive finance and auto leasing companies, and our credit outlook for the European auto finance sector in 2025.
• Trends affecting the performance of portfolios of auto loans and leases and the impact on our European Auto ABS credit ratings in 2025.

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

Morningstar DBRS invites you to attend a webinar focusing on its 2025 Outlook for European Structured Finance on 31 January 2025 at 12:00 p.m. GMT, 1:00 p.m. CET

The discussion will be led by the Morningstar DBRS’ European Structured Finance analytical team and will focus on expectations for 2025 and collateral performance and credit ratings outlook of various sectors for the year ahead in the European Securitisation markets.

The discussion will last approximately 45 minutes and will be followed by an interactive question-and-answer session. Morningstar DBRS welcomes all who wish to participate.