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Mark Gray

Managing Director - US/Americas Corporate Finance

US and Americas

Tom Marshella
Managing Director - US/Americas Corporate Finance

Paloma San Valentin
Managing Director - US/Americas Corporate Finance


Myriam Durand
Managing Director- EMEA Corporate Finance

Philipp Lotter
Managing Director- EMEA Corporate Finance

Asia Pacific

Brian Cahill
Managing Director - Asia Pacific Corporates/Financial Institutions​​​​


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Research and analysis on public companies and their debt instruments.



  • 4 May 2016
    • Moody’s: Loan covenant quality finally picking up; some risks remain
      After years of significant, across-the-board increases, our loan covenant quality scores stabilized between 2015 and 2014, indicating a shift away from the increasingly permissive covenant terms that dominated the borrower-friendly market. Meanwhile, spreads, ratings and covenant protections all signal a tightening market…Press Release l Full Report
  • 3 May 2016
    • US corporate defaults rise to most since 2009 in Q1 2016 as energy woes continue
      Commodity sectors led to a rise in US non-financial corporate defaults to the most since the third quarter of 2009, Moody's Investors Service says in its latest quarterly default monitor. Cash flow pressures saw 11 oil and gas and five metals and mining companies default in the first quarter of 2016, contributing 16 of the quarter's 23 defaults. In the final quarter of 2015, there were 16 defaults including nine energy companies…Press Release l Full Report
  • 29 Apr 2016
    • Outlook for US broadcast television remains stable
      The stable outlook for the industry reflects seven consecutive years of US economic growth, which underpins advertising and broadcast revenue gains. We expect increasing demand for political advertising to mute core ad growth during the presidential cycle, but political spending will boost broadcasters’ overall ad revenues by 14%-18%... Press Release l Full Report
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