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North America

Mark Gray

Managing Director - US/Americas Corporate Finance

Tom Marshella
Managing Director - US/Americas Corporate Finance

Latin America

Susan Knapp
Managing Director - Regional Head Americas


Myriam Durand
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.



  • 3 Sep 2015
    • Outlook for global pharmaceutical industry shifts to positive on successful product launches
      The success of new products in the global pharmaceutical industry will more than offset downward pressure on prices. Prices for the majority of products in the US will rise, driving further growth. Synergies from acquisitions will also continue to support growth through 2016, particularly within the specialty pharmaceutical category where acquirers, such as Allergan plc and Valeant Pharmaceuticals, will obtain cost reductions…Press Release l Full Report
  • 2 Sep 2015
    • Moody’s Liquidity Stress Index pushes higher as energy woes intensify
      The Liquidity Stress Index (LSI) increased to 5.1% in August from 4.3% in July, reaching its highest level since December 2010. An increase in the energy LSI to 12.7% following a rash of downgrades was the primary driver. However, energy weakness is not spreading to other sectors, which collectively saw upgrades exceeded downgrades, indicating supportive credit conditions and sound fundamentals... Press Release l Full Report
  • 1 Sep 2015
    • Speculative-grade corporate default rates in Latin America rose over the past year
      The speculative-grade default rate for Latin American corporates increased to 4.2% in June 2015 from 3.1% in the year-ago period, compared with a global default rate of 2.3%. Eight of the ten defaulting issuers that we rated were domiciled in Brazil. Downgrades exceeded upgrades, with senior unsecured equivalent ratings lowered by 0.19 notches on average. As of June 2015, there were 348 corporate issuers with Moody’s rated debt domiciled in 21 countries in Latin America… Press Release l Full Report
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