Keith Banhazl is a Managing Director and Head of Commercial Real Estate Finance for Americas within the Structured Finance Group and leads the team responsible for CMBS & CRE CLO new ratings and surveillance at Moody’s Investors Service. The team is responsible for reviewing Conduit/Fusion, Large Loan/Single Borrower, Agency CMBS, Credit Tenant Lease, Small Balance Commercial, CRE CLO, CRE CDO and other structured products at Moody’s Investors Service. He is also Moody’s Global Structured Finance Outreach Coordinator. He has been involved in various research initiatives and outreach activities related to the CRE securitization space, publishing and speaking on Moody’s behalf. Prior to being appointed to his current position, Mr. Banhazl was a Managing Director within the Structured Finance Group leading the US CMBS and CRE CLO/CDO Surveillance team and the review of primary US CRE CLO/CDO transactions, including the credit assessment team for commercial real estate assets within CRE CDO’s and CLO’s as well as Structured Credit transactions. Previously at Moody’s, he rated various fixed and floating-rate Conduit/Fusion and Large Loan CMBS transactions. Mr. Banhazl has a Bachelor of Arts degree from Brown University in Economics and History

Jocelyn Delifer joined Moody’s Ratings in 2011 and currently serves as Vice President - Senior Analyst in the CMBS & CRE CDO Surveillance team. He is responsible for new issuance and surveillance of CRE CDO/CLO transactions. In addition, he contributes to CRE and cross-sector research. Prior to joining Moody’s, Jocelyn was a Vice President with Avant Capital Partners, where he oversaw the underwriting and placement of CRE bridge loans. He also served as an analyst for Euro hypo AG in Paris. Jocelyn holds an M.S. in Engineering from École Nationale des Ponts et Chaussées, and an M.S. in Real Estate from New York University Shack Institute of Real Estate.

Joe Baksic manages new issuance for the Commercial Real Estate Finance (CREF) team at Moody’s Investors Service, where he holds the title of Associate Managing Director.  His responsibilities encompass all private-label and agency Commercial Mortgage-Backed Securities (CMBS) issuance within the United States and Canada.

Joe has over 20 years of professional experience within the industry and has overseen the analysis of CRE issuance across the Conduit, Large Loan/Single Asset Single-Borrower, CLO/CDO, and Non-Performing Loan sectors. He has developed multiple rating methodologies, models, and analytical tools.  He has contributed toward research initiatives and authored several publications.  He frequently engages with the media to communicate credit views and developments within the sector. Baksic also regularly liaises in the analysis and ratings of other lines of business within Moody’s as a commercial real estate and structured products specialist.

Joe holds a Bachelor of Science degree in Electrical Engineering from the University of Virginia.

Romina Padhi is an Associate Managing Director within the Structured Finance Group at Moody’s Investors Service. She is a team leader within the CMBS Surveillance group focusing on U.S. Conduit/Fusion and Large Loan/Single Borrower transactions. In addition, Romina manages the review of credit assessments for commercial real estate assets within CRE CDO/CLO’s.
Prior to her current position, Romina was a lead analyst within the CMBS and CRE CDO/CLO primary and surveillance team where she has rated and reviewed various fixed and floating rate CRE CDO/CLO and CMBS transactions. Romina is a frequent contributor to research and various commercial real estate research initiatives. Prior to joining Moody’s, Romina worked in India for three years in residential and commercial real estate finance. Romina holds a M.S. in commercial real estate development and finance from the Massachusetts Institute of Technology and a B.A. in economics from the University of Mumbai.

Darrell Wheeler leads CMBS and CRE CLO research at Moody’s Ratings, with over 30 years in commercial real estate and securitization research. He has developed innovative mortgage models, managed structured finance research at top firms including Cantor Fitzgerald, S&P Global Ratings, and Citigroup, and received multiple accolades, such as repeated Institutional Investors poll rankings. Darrell is also an active contributor and editorial board member for CREFC’s E-primer.

Brian Snow is a Vice President – Senior Analyst at Moody’s in London. He is a lead analyst covering various issuers of CMBS across all European jurisdictions and property types. Furthermore, he is responsible for performing surveillance on a portfolio of CMBS transactions with exposure to a wide spectrum of borrowers, countries, and property types. He is also involved in the implementation of various ESG initiatives that are essential to our credit analysis. Brian regularly speaks on industry panels and participates in industry groups such as CREFC Europe and the Investment Property Forum (IPF). 

Prior to joining Moody’s EMEA CMBS team in 2021, Brian was a credit ratings analyst with a combined 15 years of experience at Moody’s (New York), DBRS/Morningstar, and Standard & Poor’s. He previously had stints in banking at GE Capital, Bank of Nova Scotia and ABN Amro. 

Prior to working in finance, Brian was a civil/environmental engineer working on the design, planning and permitting of new land developments and conducting technical due diligence on commercial property in North America. 

Brian holds a bachelor’s degree in civil engineering from the University of Vermont and a master’s degree in finance from New York University Stern School of Business. He is also a CFA Charterholder.