In this role, Ms. Alsop leads a range of strategic and operational initiatives that are vital to the companys success. (2), Luxembourg We see our role as a corporate citizen to help build a world where more people have access to opportunity and where everyone has the resources to grow and thrive. Learn how Moody's ratings and analysis speak to the relative credit risk of debt instruments and securities across industries and asset classes around the globe. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold credit ratings from Moodys Investors Service and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading Investor Relations Corporate Governance Director and Shareholder Affiliation Policy. Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODYS affiliate, Moodys Investors Service Pty Limited ABN 61 003 399 657AFSL 336969 and/or Moodys Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as applicable). (6), Netherlands Antilles 2021 Moodys Corporation, Moodys Investors Service, Inc., Moodys Analytics, Inc. and/or their licensors and affiliates (collectively, MOODYS). (2), Saint Kitts and Nevis That rate, if realized, would exceed the historical average. Hogan has served as the companys Treasurer since September 2019. As I observed last year, our customers seek solutions to help them identify, measure and manage a wider range of interconnected risks. (2), Burundi (91), Austria (2), Honduras 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), Lithuania (7), Vietnam (2), Australia Credit Strategy and Standards Index of Reference Documents. Prior to that role, Ms. Sullivan supported the Global Wealth &Investment Management business from 2015 to 2017 in a variety of positions including Controller. (1), New Hampshire (1), North Dakota (9), Tajikistan Ms Hill has over 30 years of experience in business management and leading engineering and operations organizations. Mark came to Moodys from Massachusetts Mutual Life Insurance Company (MassMutual), where he served as Chief Financial Officer of MassMutual U.S. Mr. Forlenza previously served on the board of the Advanced Medical Technology Association (AdvaMed), an international medical technology trade organization.Mr. (2), Sudan (8), Sovereign & Supranational CreditEdge is also used by buy-side investors for relative value analysis. We invested approximately $150 million organically in technology, data, and product development in addition to pursuing acquisitions that enhance our capabilities and will accelerate our speed to market in areas ranging from environmental, social and governance (ESG) and climate risk to financial crime, commercial real estate (CRE) and supply chain risk.In 2021, we rated over $6 trillion of issuance and served more than 1,100 issuers who accessed the markets for the first time. Mr. Kenney is responsible for overseeing Moodys Global Internal Audit function, including providing an independent oversight function that evaluates the processes and controls over the organizations financial, technology, ratings and operational activities. The decline in free cash flow in 2017 was primarily due to a settlement with the U.S. Department of Justice and the attorneys general of 21 U.S. states and the District of Columbia. (2), Guam The Company is proud to have met its Supplier Diversity Initiative pledge to increase the representation of women-owned businesses in its supply chain, and of the commitment made in 2021 to materially increase the population of women, and U.S. Black and Hispanic / Latino leaders across the company by 2025. We are focused on providing a world-class experience for our customers, anchored around their sense of value, to help expand our relationships with them as we meet their needs.I am confident that we will realize the benefits of our investments as we provide differentiated integrated solutions that accelerate our growth. Retired Chief Risk OfficerCitigroup, Inc.Director since April 2011Jorge A. Bermudez, age 70, is a member of the Audit, Governance & Nominating and Compensation & Human Resources Committees of the Board of Directors. (6), Slovenia The peak baseline estimate for the default rate was lowered from February 2021's 12.1% (as of early August 2020) to March -February 2021's 11.4% (as of early September). (2), Libya All rights reserved. (2), Thailand His team deals with all legal issues, including contract negotiation, intellectual property, employee matters, litigation and compliance with local laws. (2), Alabama (2), Republic of Moldova Previously, he was a Managing Director in the M&A groups at Deutsche Bank and Bank of America and held similar roles in the M&A groups at Citigroup and Donaldson, Lufkin & Jenrette. Van Saun currently serves as the chief executive officer and chairman of a U.S. bank. Mr. McDaniel served as the Companys Executive Vice President from April 2003 to January 2004, and as Senior Vice President, Global Ratings and Research from November 2000 until April 2003. Mr. Hogan served as the companys Assistant Corporate Controller from September 2016 to September 2019. ". (6), Belize 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. If this isn't what you are looking for, you can. 2 and 3 respectively.MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY550,000,000.MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. From 2019 to 2021, Ms. Kazanjian held various people leadership roles at WeWork, leading into her role as Chief People Officer. 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(10), Spain (2), Estonia (1), North Carolina (6), Rwanda Ms. Alsop has more than 20 years of experience helping drive positive change and business results at Moodys. We also advanced the transition of our banking and insurance solutions to SaaS, deepening and streamlining the ways we support many mid-sized financial institutions. (6), Panama - Off Shore (2), Chile The statistics over the 36 year study period should give confidence to investors in highly rated bonds. She also serves as the Senior Independent Director at National Grid plc (March 2014-present).Ms Esperdys extensive experience in global investment banking and financial markets provides her with strategic and financial expertise that is critical to overseeing the Companys strategies. In 2021, Ms. Ms. Mr. Howell previously served as a director of Integra Lifesciences Holdings Corporation, a medical devices company (2013-February 2021). (1), New York He led Citizens to a successful initial public offering in September 2014, and full independence from RBS in October 2015. 2023 Moody's Investors Service, Inc., Moodys Analytics, Inc. and/or their affiliates and licensors. (1), Indiana Please reduce your list by using the filtering tool to the left. Allows users to calculate the probability that any specific credit will cross a predefined threshold by a particular date. (1), Arizona (1), Wyoming Ms. Kazanjian previously served as Chief People Officer for WeWork, where she led the People team and oversaw talent-related strategies, operations and workforce planning for 4,000 employees, in over 30 countries globally. (2), Benin (2), Taiwan, China (6), Bosnia and Herzegovina Mr. Fauber earned his B.A. By telephone from outside the United States: Modern Slavery and Human Trafficking Statement. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. (2), Costa Rica Mr. Kenney holds a BS in Accounting from the University of Scranton and is a Certified Public Accountant licensed in New York. The maximum number of items you can export is 3,000. He also serves as the Chairman of the Audit Committee of The Bank Policy Institute. in Tax from New York University School of Law and a J.D. Prior to joining Moodys, Mr. Kapusta served as counsel for a large New York City law firm and held several senior roles within Deloitte, where he provided corporate and tax advice to U.S. multinationals. (2), Somalia About. (2), Bahrain - Off Shore 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), Maryland (2), Fiji (2), Latvia (6), Czech Republic She is also a key contributor to various Moodys diversity, equity and inclusion initiatives. Mr. Kenney is also a Certified Information Systems Auditor (ISACA), Certified Informational Technology Professional (AICPA), Certified in Risk and Information Systems Controls and a Chartered Global Management Accountant. (2), South Africa CREDIT RATINGS ISSUED BY MOODY'S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODYS (COLLECTIVELY, PUBLICATIONS) MAY INCLUDE SUCH CURRENT OPINIONS. In this role, Ms. This increases for the lowest investment grade credit rating 'BBB-' to 2.84%. (2), Finland (2), Guatemala Ms. Elliott has more than 25 years in senior-level corporate communications roles. Prior to her time at JPMorgan, Ms Esperdy started her banking career at Lehman Brothers. He additionally brings experience in areas such as strategic planning, business development and new product development. The markets looked to Moodys for our expertise and insights in navigating evolving credit conditions, and many organizations sought our help in making better, more informed decisions in financing, screening, lending, insuring and investing. JOURNALISTS : 1 212 553 0376Client Service : 1 212 553 1653, Releasing Office :Moody's Investors Service, Inc.250 Greenwich StreetNew York, NY 10007U.S.A.JOURNALISTS : 1 212 553 0376Client Service : 1 212 553 1653. (2), Mongolia (2), Aruba Additionally, DRA publishes analytical research reports on topics that are of interest to broader fixed-income markets community.. Mr. Kenney has over twenty-five years of experience in internal audit, risk management, business process and internal controls. Fauber, who is both President and Chief Executive Officer of the Company, brings to the Board a wealth of experience in the financial services industry as well as an in-depth understanding of the operational and the strategic considerations for the Company. (3), Germany Cisco designs, manufactures and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology industry and provides services associated with these products. (6), Philippines (1), Nebraska 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. His service as a director also contributes to his focus on corporate governance matters. In addition, she has previously worked as a CPA and is certified in cybersecurity oversight (2018) and ESG oversight (GCB.D, 2021). (1), New Mexico 2023 Moody's Investors Service, Inc., Moodys Analytics, Inc. and/or their affiliates and licensors. He has previously served on the boards of The Royal Bank of Scotland Group plc and National Westminster Bank, Plc, each an RBS affiliate, from October 2009 to October 2013. Prior to that, from July 2009 to October 2016, Mr. Serafin served as a Corporate Vice President at Microsoft Corporation, a multi-national technology company. He is also a member of the Bretton Woods Committee (2022-present). (41), Periodic Reports He leads a team whose mission is to provide near real-time data driven financial insight to support the execution of superior operational and strategic decisions. 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