2026 European Credit Market Outlook: BI Replay

Europe enters 2026 battered but resilient. The torrent of headlines — from tariffs and trade to war, geopolitics, and government shutdown — has been relentless. Yet credit spreads seem to tell a different story, hovering near historic tights. With persistent questions around rates, consumer confidence, potential spillovers from US defaults, the perils and promise of bank M&A, and the private vs public market debate, how should investors approach 2026? Join us for an evening of discussion with analysts, portfolio managers and CIOs on what may lie ahead and to hear the top ideas from our analysts. Check the agenda and speaker line-up below. Register today to secure your seat! Agenda 14:00 – 14:30: Registration 14:30 – 14:35: Welcome Remarks Aidan Cheslin, Head of European Credit Research, Bloomberg Intelligence 14:35 – 15:05: Views from the Top: “How to Think Credit at the Tights?” Ella Hoxha, Head of Fixed Income, Newton Investment Management Iain Stealey, International CIO Global Fixed Income, Global FICC, JP Morgan Asset Management Mahesh Bhimalingam, Global Head of Credit Strategy, Bloomberg Intelligence Bruce Douglas, BN (Moderator) 15:05 – 15:35: Do AT1s Still Offer Value At These Levels? Jackie Ineke, Chief Investment Officer, Spring Investments Filippo Maria Alloatti, Head of Financials Credit, Federated Hermes Vik Shah, Portfolio Manager, Jain Global Jeroen Julius, European Bank Credit Senior Analyst, Bloomberg Intelligence (Moderator) 15:35 – 16:00: Coffee Break 16:00 – 16:30: Let’s Take This Offline: Private Panacea vs. Public Pandemonium? Alberto Gallo, CIO & Co-founder, Andromeda Capital Management Sarang Kulkarni, Portfolio Manager, Vanguard Mattis Poetter, Partner & CIO, Arcmont Asset Management Tolu Alamutu, Banks and Real Estate, Bloomberg Intelligence (Moderator) 16:30 – 17:15: Lightning Talk – BI’s Top European Credit Investment Ideas for 2026 Tolu Alamutu, Senior Credit Analyst, Real Estate and EMEA Banks Ruben Benavides, Credit Analyst, Banks Credit Analyst Aidan Cheslin, Head of European Credit Research Jeroen Julius, Senior Credit Analyst, Banks Credit Analyst Stephane Kovatchev – Senior Analyst, Industrials Tim Riminton – Senior Analyst, Basic Materials 17:15 – 17:20: Closing Remarks Aidan Cheslin, Head of European Credit Research, Bloomberg Intelligence 5:30 PM – 6:30 PM: Networking Reception