News Column

Moody's expands Infrastructure Finance team in EMEA

July 10, 2014

Moody's Investors Service is pleased to announce that it has expanded its leading Infrastructure Finance team, with the appointment of Douglas Segars to the key senior role of Associate Managing Director. Moody's Infrastructure Finance group is the pre-eminent global infrastructure ratings franchise, with over US$3.5 trillion of rated infrastructure securities, including project finance entities, and over 90% global market coverage for publicly rated infrastructure debt.

Douglas brings more than 20 years of Infrastructure experience to the position. Before joining Moody's, Douglas served as the Head of Infrastructure Finance at the UK Treasury where he led a number of government initiatives to promote investment in UK infrastructure. He previously held positions with Financial Security Assurance in New York, London and Paris, as well as Chase Manhattan Bank and Prudential Securities in New York.

This appointment follows a period of significant growth in the London based Infrastructure team which now has more than 40 analytical staff.

Douglas will assume responsibility for a team of analysts covering project finance in EMEA, where increased ratings activity reflects developments including the European Investment Bank Project Bond Credit Enhancement scheme and strong investor interest in the asset class. He will report to Monica Merli.

"Moody's is a proactive opinion maker in the infrastructure sector, and the appointment of people such as Douglas speaks to the depth of our talent pool and global leadership", said Monica Merli, Managing Director of the Infrastructure Finance Group in EMEA.

Neil Griffiths-Lambeth, who has led the project finance team since mid-2012, will assume responsibility for a team covering regulated and unregulated utilities. Also reporting to Monica Merli, Andrew Blease continues to lead a team covering largely infrastructure issuers. Andrew Davison retains responsibility for the rating agency's strategic initiatives in the infrastructure sector including the highly regarded default and recovery studies.

Moody's Infrastructure Finance Group covers over 1,600 rated infrastructure issuers across the globe. The rating agency is respected for its highly transparent approach, with 20 industry specific methodologies for infrastructure, incorporating easy to use scorecards (i.e., rating grids) and insightful research.

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Source: EMBIN (Emerging Markets Business Information News)

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