ACT Webinar: Political and geopolitical volatility - how to forecast the credit outlook for the year ahead

Tuesday 29 November 2022
12:30-13:15, Tuesday 29 November 2022

Political and geopolitical volatility - how to forecast the credit outlook for the year ahead

What should treasurers consider when planning for the year to come? Autumn is often the time when many companies and treasury functions are setting exchange and interest rate expectations for the following year. How will the current volatility affect your scenario planning and budgeting for 2023? Watch the webinar to hear from Fitch Ratings on their forecasts for 2023.

We were joined by Alex Griffiths, Managing Director, Head of EMEA Corporate Ratings at Fitch Ratings, and Sarah Boyce, Associate Director - Policy & Technical, ACT, who discussed credit expectations for 2023, looking at:

  • the macro-environment and outlook
  • the main risks in 2023 and which sectors will be affected.
  • forecasts and assumptions in the Fitch Ratings sector base cases.


Alex Griffiths

Alex Griffiths

Head of Corporate Ratings for EMEA, Fitch Ratings 

Alex Griffiths is Head of Corporate Ratings for Europe, Middle East and Africa. Fitch’s EMEA corporate rating work is carried out by more than 110 dedicated corporate analysts, based in 10 cities, who cover all aspects of the rating and surveillance of non-financial corporates across the region.

Alex joined Fitch in London in 2005 as a corporate analyst, and has held a number of different roles, most recently as Fitch’s Credit Policy Group with responsibility for monitoring the quality of global corporate ratings. He started at Fitch as an analyst specialising in Telecoms, Media and Technology, then became Head of Research for EMEA and Asia-Pacific. Between 2012 and 2016 he ran the EMEA Natural Resources team.

Prior to this, Alex spent eight years with Deloitte's audit practice, where he gained experience ranging from transaction services work to audit, IFRS transitions, expert witness assignments and sector research.

Alex read economics at St. Catharine’s College, Cambridge, and is a fellow of the Institute of Chartered Accountants in England and Wales.

Sarah Boyce

Associate Director - Policy & Technical, Association of Corporate Treasurers 

Sarah is Associate Director of Policy and Technical at the ACT – tasked with ensuring that members are kept informed about latest market developments and that policy makers are supported in their understanding of the real economy, and corporate treasury matters in particular, as they work through their own agendas.

A qualified accountant who spent over two decades working in a wide range of finance and treasury roles, she has extensive corporate experience and now spends her time putting that to practical use, enabling others to understand how the corporate financial world works and the relevance of developments in financial markets on their day to day activities. 

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ACT Webinar: Political and geopolitical volatility - how to forecast the credit outlook for the year ahead

Took place on Tuesday 29 November 2022

In association with

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