These impressive results are the product of the many investments we have made in our people and our offerings and speak to the value that customers place on our expertise and solutions. (1), ESG Credit and Sustainable Finance (2), Luxembourg (91), Nicaragua For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history. (1), West Virginia 19 Oct 2022 | Moody's Investors Service The speculative-grade corporate default rate will climb to 4.3% next year under our baseline forecast, up from 2.3% in September. (2), Myanmar (6), Guernsey She also held various leadership positions across the organization including roles in Business Process Management and Ratings Operations, Investor Relations, Structured Finance Surveillance, Public Finance, Business Planning and Revenue Accounting. For full year 2021, Moody's repurchased 2.2 million shares at a total cost of $750 million, or an average cost of $336.58 per share, and issued net 0.8 million shares as part of its employee stock-based compensation programs. (5), Palau MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. He is responsible for overseeing Moodys capital allocation and long-term financing strategies, and managing cash and short-term investments to support Moodys operations and growth. (2), Lesotho (1), New Mexico Her experiences and expertise enhance the Boards ability to oversee the Companys global operations and effectively manage risk. Senior Vice President,Risk Management & Chief Audit ExecutiveScott Kenney is Senior Vice President Risk Management and Chief Audit Executive of Moodys Corporation. During her tenure, the FASB established numerous accounting standards relating to financial instruments, including securitizations, derivatives and credit losses and worked with regulators and policy makers in the U.S., and in other major capital markets to develop consistent accounting standards. Until his appointment as CEO, he was Moodys Chief Operating Officer and drove strategic initiatives across the company. All data is derived from the Moody'sInvestors Serviceproprietary database of issuer, default, and recovery information. The speculative-grade corporate default rate will rise to 4.5% in 12 months from 2.5% in October under our baseline forecasts. (6), Papua New Guinea The 2021 global corporate default tally has increased to 69 following the defaults of China-based (Cayman Islands-incorporated) China Aoyuan Group Ltd. and one confidential issuer. He served as Senior Managing Director, Global Ratings and Research, of Moodys Investors Service from November 2000 until November 2001 and as Managing Director, International from 1996 to November 2000. Please reduce your list by using the filtering tool to the left. In this role, Ms. Kazanjian is primarily responsible for setting and overseeing the execution of the Company's strategy to attract, grow, and retain extraordinary talent in service of our business. Allows users to calculate the probability that any specific credit will cross a predefined threshold by a particular date. David is a graduate of Rutgers University School of Business and has a New Jersey State CPA. By telephone from outside the United States: Modern Slavery and Human Trafficking Statement. (370), West African Economic and Monetary Union (UEMOA) (1), Ohio (1), Arkansas (1), Investment Grade Retired Global Chairman of Financial Institutions GroupJPMorgan Chase & Co.Director since March 2019Thrse Esperdy, age 61, is a member of the Audit, Governance & Nominating and Compensation & Human Resources Committees of the Board of Directors. Global speculative-grade corporate default rate was unchanged in November. (2), Sudan Ms. (2), Serbia He previously served as the Companys President and Chief Executive Officer from April 2012 to December 2020, and served as the Chairman and Chief Executive Officer from April 2005 until April 2012. (6), France (1), Washington (9), Indonesia Prior to this role, she managed the US Structured Finance Relationship Management team within the Commercial Group.She joined Moody's in 2008 as a European RMBS analyst in the Structured Finance team. As the head of risk for a major global financial institution, he was involved in the debt restructuring of various sovereigns around the world. She is responsible for the supervision of global regulatory and compliance interactions, the management of regulatory examinations and all centralized compliance functions. He serves as a director of the Community Foundation of Brazos Valley where he served as Chairman from July 2013 to June 2014 and currently serves as the chairman of the Investment Committee.Mr. (9), Poland Moody's Investors Service analysts use this data to produce the Annual Default Study, read by market participants globally. (2), Cuba He is a member of the New York State Bar. Mr. McDaniel currently is a director of John Wiley & Sons, Inc. (2005-present) and a member of the Board of Trustees of Muhlenberg College (2015-present).Mr. (2), Benin Chairman & Chief Executive OfficerCitizens Financial Group, Inc.Director since March 2016 Bruce Van Saun, age 64, is a member of the Audit, Governance & Nominating and Compensation & Human Resources Committees of the Board of Directors. In addition to serving international credit markets, we expanded our support for domestic markets and began offering local credit ratings in Brazil as part of the ongoing expansion of our Moodys Local business across Latin America. From April 2009 through April 2014, he served as Senior Vice PresidentCorporate Development of Moodys Corporation. The aggregation is customized to each firm. These capabilities are already helping customers better identify, measure and manage a wider range of risks leading to better outcomes.As the pace of digitization and automation continues, so has the prevalence of cyber risk. He has served as the Executive Vice President, Chief Financial Officer and Treasurer of Booz Allen Hamilton Holding Corporation (BAH), a business management consulting company, since 2016. (46), Afghanistan (9), Slovakia (2), Haiti (7), Economic and Monetary Community of Central Africa (CEMAC) 12/31/2021: 21.08: 28.68: 11/30/2022: 3.52-13.12: 12/31/2022-.51-18.13: Kumar KanthanSenior Vice President[emailprotected] Sharon OuVice President - Senior Credit Officer[emailprotected], Dial the AT&T Direct Dial Access code for, We brought you to this page based on your search query. (1), Delaware As a result, Mr. Bermudez brings a deep understanding of credit risk and years of financial expertise, as well as risk management experience, to the Board. Moodys Analytics provides tools for the most crucial aspects of the expected loss impairment model, with robust solutions to aggregate data, calculate expected credit losses, and derive and report provisions. He joined Citizens from The Royal Bank of Scotland Group plc (RBS), a global banking and financial services group. (2), Saint Lucia From 1992 to 1996, Mr. Fauber worked at NationsBank (now Bank of America) in the middle market commercial banking group.Mr. (1369), Global Mr. Howell previously served as a director of Integra Lifesciences Holdings Corporation, a medical devices company (2013-February 2021). (2), Guinea-Bissau A record-high amount of debt matures in 2023-27, and the amount due in the first few years is rising. Sullivan has served as the Companys Senior Vice PresidentCorporate Controller since December 2018. (Hons) in Russian and European Studies from the University of Surrey and speaks fluent Russian. (10), Gulf Cooperation Council Five Moodys-rated corporate issuers defaulted in November, down from the upwardly revised 10 defaulters in October. (2), Australia in economics from the University of Virginia and his M.B.A. from the Johnson School of Management at Cornell University. There were differences in default rates across sectors. Moody's Investors Service Risk Quantification Evaluate, manage, and mitigate climate risks and their impacts through scenario analysis, quantitative modelling and stress testing. By continuing to access this document from within Australia, you represent to MOODYS that you are, or are accessing the document as a representative of, a wholesale client and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to retail clients within the meaning of section 761G of the Corporations Act 2001. (2), Zimbabwe (6), Russia (70), New Zealand All rights reserved. (2), Congo, Republic of (ROC) Her experience as the Chairman of the Financial Accounting Standards Board, executive at a major bank and auditor for a major accounting firm allows her to bring to the Board significant knowledge of global accounting and financial reporting matters in addition to regulatory and senior management experience. Moody's Investors Service provides investors with a comprehensive view of global debt markets through credit ratings and research. DRA also publishes impairment and loss studies for structured finance sectors. He began his career as a Senior Investment Analyst in the Fixed Income Division at Fidelity Investments where his responsibilities included credit risk assessment, setting exposure limits and investment oversight for a range of corporate and municipal credits and structured products. 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