WASHINGTON — Moody’s Investors Service has hired Walter Winrow to head its infrastructure finance group, replacing Tom Keller, who is now a senior managing director at the rating agency.
Winrow will oversee Moody’s work on infrastructure, including surface and air transportation, as well as its analysis of electric, gas, and water utilities.
“Our business continues to expand as [infrastructure] is an important sector for us,” Keller said. “Walt brings tremendous industry expertise to us. He’s previously managed large groups, and we’re thrilled to have him as part of our team.”
Winrow said his experience in project finance has included bond financing, bank financing, and equity investments, adding that he has “participated throughout the capital structure and in a whole variety of types of instruments.”
As a founding partner of Stamford, Conn.-based Poseidon Resources Corp., Winrow worked on project financing for a wastewater treatment facility in Cranston, R.I., that was financed with a combination of taxable and tax-exempt revenue bonds.
Poseidon recently was involved with a San Diego County water desalination project, to which the California Debt Limit Allocation Committee in January assigned $530 million of private-activity bonds.
Prior to joining Moody’s several weeks ago, Winrow founded Infrastructure Capital Partners, an advisory firm to equity funds and public-sector agencies. Before that, he was at Poseidon Resources, where he led the firm’s development of a seawater desalination facility in Tampa Bay, Fla., and worked on the largest portfolio of private financings in Mexico’s water sector, helping to develop and finance a half-dozen facilities there.
Winrow also worked on energy, water, and infrastructure finance at General Electric, where he was one of the original team members of GE’s infrastructure finance group.