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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.


  • 26 Nov 2018
    • Stable outlook for EMEA regulated electric & gas networks
      Ongoing regulatory transparency and predictability coupled with expectations that inflation will stabilize at a higher level than in recent years, although offset by continued low allowed returns, underpin the stable outlook on Europe’s regulated electric & gas sector into 2019.   Full Report
    • EMEA unregulated utilities 2019 outlook changed to positive
      Earnings look set to rise for Europe’s unregulated gas and electricity sector in 2019, changing the outlook on the sector to positive from stable. Returns from recent renewables and networks investments will push sector profits up, while higher power prices will make conventional power generation more lucrative.   Full Report
  • 15 Nov 2018
    • Outlook for emerging markets broadly stable in 2019, although financial conditions are tightening
      Our 2019 outlook reflects overall trends in the emerging markets we rate, which includes 101 sovereigns and more than 1500 other entities. It balances still strong domestic growth and a range of other buffers in most emerging markets with more challenging external credit conditions, as global growth slows, interest rates rise and the effect of trade frictions between the US and China unfold across the global economy.  Full Report​​
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