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    • Infrastructure & Project Finance (Remove)

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Walter Winrow
Managing Director - Global Project and Infrastructure Finance

Jim Hempstead
Managing Director - Utilities

Michael Mulvaney
Managing Director - Project Finance

Douglas Segars
Managing Director – Project and Infrastructure Finance

Andrew Davison
Senior Vice President

Terry Fanous
Managing Director – Project and Infrastructure Finance


Infrastructure & Project Finance

Moody's Global Infrastructure Finance Group combines the expertise of a global team of analysts with extensive backgrounds in Public Finance, Corporate Finance, and Structured Finance to rate debt issued by both public and private infrastructure and project finance issuers and electric, gas and water utilities. This includes project finance entities that are limited to a special purpose by law, regulation, or contracts; infrastructure projects and enterprises financed in the U.S. tax-exempt market; and all corporate infrastructure and utility companies. Our approach allows market participants to benefit from a globally consistent and transparent methodological approach to assessing credit risk across the entire asset class.


  • 19 Mar 2019
    • Project finance bank loans show lowest 10-year cumulative default rate since at least 2010
      The 10-year cumulative default rate for project finance bank loans originating between 1983 and 2017 was 5.6%, the lowest rate since the inception of the annual study in 2010. Full Report
  • 7 Mar 2019
    • Frequently asked investor questions about environmental, social and governance issues
      We provide answers to investors’ most pressing questions about important ESG issues, covering the risks from stranded assets as we transition to a low carbon energy market, ESG issuers and sovereigns' credit strength and how social issues affect credit quality in the public and private sector.  Full Report
    • Positive traffic volumes at Mexico’s airports to overcome macro and capacity uncertainties
      Mexico’s airports face uncertainties from macro conditions and cancellation of Mexico City airport. However, revenue driven by passenger growth and low debt will keep financial metrics solid.  Full Report
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