Dear HSG Alumni,

We are pleased to invite you to an exclusive IAAG fireside chat: “The Rise of Institutional Private Credit and the Role of Credit Ratings in Global Markets“.

Join us for a conversation with Detlef Scholz, President of Morningstar DBRS, who will share his perspectives on the rapidly changing landscape of private credit markets. This discussion will explore how increasing demand for transparency, evolving governance standards, and new approaches to credit assessment are shaping the future of the industry.

Private credit is one of the fastest‑growing segments of institutional investing, encompassing non‑bank lending to mid‑market companies, infrastructure projects, and asset‑backed financing. It has become a core allocation for insurance companies, pension funds, and sovereign wealth funds. The market has expanded rapidly and today exceeds USD 1.5 trillion globally, underscoring its growing systemic importance.

The session will offer valuable insights into:

  *   Key trends driving the growth of private credit
  *   The role of credit ratings in a transforming financial ecosystem
  *   Challenges and opportunities in enhancing transparency and governance
  *   What the future holds for investors, issuers, and market participants

The event provides a unique opportunity to gain firsthand knowledge from a leading industry voice and to engage in a thought-provoking dialogue on one of the most dynamic areas in finance today.

We look forward to your participation.
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Agenda

18:00–18:15 Networking
18:15–18:20 Welcome & Introduction
18:20–19:20 Fireside Chat
19:20–19:30 Q&A
19:30–20:30 Networking

Limited spaces available. Register today to secure your place.

About Morningstar DBRS

Morningstar DBRS is a leading provider of independent credit rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,500 issuers and 68,000 securities, we are one of the top four credit rating agencies in the world and a market leader in Canada, the U.S., and Europe in multiple asset classes.

For 50 years, Morningstar DBRS has been committed to bringing greater transparency and a much-needed diversity of opinion in the credit rating industry. Our nimble approach, combined with Morningstar’s global scale and resources, enables us to respond to customers’ needs in their local markets while also empowering investor success worldwide. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service.