Presentation by David Wyss, Chief Economist at Standard and Poor's. David will present: Economic and Financial Outlook: Slipping on Greece.

Professor Ed Altman discussed:

• In partnership with RiskMetrics Group, Professor Altman has created a new dimension in default risk estimation.
• Both best estimate ansd stressed one and five year estimates for default probabilities for both public and private firms are introduced.
• A unique 15 level rating system based on default probabilities is introduced.
• Results show positive comparisons compared to traditional rating systems including Dr. Altman's classic Z-Score approach.

James A. Bianco is President of Bianco Research, L.L.C., an Arbor Research & Trading, Inc. affiliate. Since November 1990, he has been producing fixed income commentaries with a circulation of hundreds of portfolio managers and traders. Jim’s commentaries are primarily devoted to the fixed income markets with special emphasis on: money flow characteristics of primary dealers, mutual funds, hedge funds, futures traders, banks, and institutional investors.

Pierre Cailleteau, Managing Director, Head of Global Sovereign Ratings at Moody's Investors Service. 

• The sorry state of public finances in advanced economies
• The challenge to the notion of "risk-free assets" - AAA-rated sovereigns at risk
• The specific intra-EMU problems: how grave are they?

Tanya Azarchs, Managing Director, Standard & Poor’s Financial Institutions Ratings

Andrew Kalotay, President, Andrew Kalotay Associates, Inc.
Amy Laskey, Managing Director - Head of the Tax-Supported Group, FitchRatings, Inc.
Laura Porter, Sen. Director - Head of the States Group, FitchRatings, Inc.

Listen to the audio recording from the event (logged in members only).