Moody's Investors Services last week announced it would consolidate the U.S. infrastructure team in its U.S. public finance group into its Americas project finance team.

The move will affect about 350 credits with $250 billion in public debt, including the toll roads, airport, port, electric utility, and project finance sectors. The U.S. public finance group will continue to monitor U.S.-based transit issuers.

Prior to the decision, the U.S. infrastructure team in the U.S. public finance group and the Americas project finance team in its global project and infrastructure finance group had shared responsibility for North and South American infrastructure ratings.

The changes result in the coverage for the entire region being consolidated into the Americas project finance team, led by Chee Mee Hu, a senior vice president, and Thomas Keller, group managing director for project and infrastructure finance.

The former U.S. infrastructure team members, including senior vice president Maria Matesanz, senior vice president Dan Aschenbach, vice president Kurt Krummenacker, assistant vice president Baye Larsen, and senior associate Alexander Kleynberg, will report to Hu.

Moody's said having a single unit "more effectively reflects the evolving structure and competitiveness of the U.S. infrastructure market."

"Moody's clients will benefit from better alignment, competitive positioning, and cross-team analytic expertise," Keller said in a statement.

 

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.