Thomas Le Guay Vice President-Senior Analyst, Corporate Finance Moody’s Ratings

Thomas Le Guay is a lead analyst on Moody’s Oil and Gas Team covering a portfolio that includes exploration and production, midstream, and oilfield service companies. He is a member of Moody’s ESG working group and has a variety of responsibilities in support of the firm’s expanding ESG efforts. Thomas joined Moody’s Corporate Finance Group in 2013. He has a MS in Financial Analysis from University of San Francisco and is a CFA charter holder.

Jake Leiby Vice President-Senior Analyst, Corporate Finance Moody’s Ratings

Jake Leiby is a lead analyst on the Moody’s Oil & Gas team in New York, responsible for a portfolio of high yield exploration and production, midstream, and oilfield services companies.

Jake has been a published energy-focused credit analyst since 2009 and most recently served as a senior analyst at CreditSights, Inc., where he was responsible for commodity price forecasting and publishing credit-focused research on integrated oil, exploration and production, and oilfield services companies as well as Latin American National Oil Companies.

Jake holds a BA in Economics from Colby College and is a CFA Charterholder.

John Thieroff Vice President - Senior Credit Officer, Corporate Finance Moody’s Ratings

John Thieroff is a Senior Analyst in Moody’s Oil and Gas Team, currently assigned to Moody’s ESG initiative. His ESG efforts are focused on carbon transition risk for sectors within the Corporate Finance Group that are considered to have significant exposure.

Prior to joining Moody’s, John worked for more than 20 years in energy credit in a variety of capacities including commercial lending at Chemical Bank and Christiania Bank, as a Director in Standard & Poor’s Oil and Gas group and as a Ratings Advisor at GE Capital. He also advised on transfer pricing for multi-national oil companies as an independent consultant.

John graduated with a Bachelor of Science in Finance from Central Michigan University and has a Master of Business Administration from the University of Toledo.

James Wilkins Vice President – Senior Analyst, Corporate Finance Moody’s Ratings

James Wilkins is a lead analyst at Moody’s Investors Service responsible for a portfolio of oil and gas companies, including exploration and production (E&P) companies, mid-stream energy companies, and oilfield service companies.

Prior to joining Moody’s in 2005, James worked at Merrill Lynch as an analyst and has previously worked in the chemical and pharmaceuticals industries in various financial and manufacturing positions.

James holds a bachelor of science degree in mechanical engineering from Northwestern University and an MBA from Columbia Business School. He is also a CFA charterholder.

Paloma San Valentin Managing Director, Head of North America Corporate Finance Moody’s Ratings

Paloma San Valentin is Head of the Corporate Finance Group (CFG) in North America for Moody’s Ratings, based in New York, overseeing the development of rating opinions and research on corporates in the region. Paloma previously served as Co-Head for US and Americas CFG. From 2010 to 2014, she was a Managing Director in CFG in London, where she was in charge of the analytical teams covering a diverse portfolio of mostly consumer-facing industries including telecom, media, airlines, food processors, real estate, packaged goods, or business services. Paloma joined Moody’s in the summer of 2008, bringing 15 years of international corporate credit and banking experience. Prior to joining Moody’s, Paloma was Country Credit Risk Officer for Bank of America in Spain and responsible for the bank’s Iberian corporate credit portfolio and French general industrial clients. During her career, Paloma also spent three years at Credit Suisse, in different credit risk and investment banking capacities. Ms. San Valentin holds an MBA from Instituto de Estudios Superiores de la Empresa (IESE), Barcelona, Spain, and a BA in Business and Economics from the Free University of Brussels, Belgium.

Pete Speer Associate Managing Director, Corporate Finance Moody’s Ratings

Pete Speer is an Associate Managing Director in Moody’s Oil and Gas Team, covering a portfolio of investment grade and high yield energy companies. His portfolio includes integrated oil, exploration and production, drilling, oilfield services and midstream companies. He joined Moody’s in 2003 in the Accounting Specialists Group, working alongside energy rating analysts and helping them to assess the reliability and quality of issuers’ financial reporting and controls. Before joining Moody’s, Pete was a senior manager in the national office of PricewaterhouseCoopers LLP. For two years he consulted with audit engagement teams on a variety of complex financial accounting and reporting issues. Prior to his assignment in the national office, Pete was resident in the Houston office and served as the audit engagement senior manager for several multi-national energy industry clients. Pete is a Certified Public Accountant and is licensed in Texas and Michigan. Pete graduated from the University of Michigan with a Bachelor of Business Administration.

Jennifer Chang Vice President – Senior Credit Officer, Environmental, Social and Governance Group Moody’s Ratings

Jennifer Chang is a Vice President – Senior Credit Officer in Moody’s Environmental, Social and Governance Group, with a primary focus in physical climate risks and materiality as it pertains to credit risks across various industries.

Prior to the ESG Group, Jennifer was the Public Power Sector Lead in the Global Project and Infrastructure Finance Group, and covered a range of infrastructure sectors including transportation, social infrastructure and power projects in the Americas. She also led new power project finance and public-private partnership rating assignments.

Jennifer launched the Infrastructure in Emerging Markets’ series, and is the author of several reports on PPPs, power and drillship transactions including special comments on airport concessions, express tolled lanes, credit enhancements and power project carbon transition. She recently published climate-related reports on physical climate risk assessments and credit impact of urban floods.

She is the receiver of three Moody’s Research Awards, including the report on Hydrogen – Electric Utilities and Power Projects. She is a frequent speaker and presenter at various industry conferences, including the US Department of Energy – Hydrogen Shot Summit in 2021. Prior to joining Moody’s, Jennifer worked at the World Bank as an energy finance specialist in the Latin American and Caribbean and Africa regions where she helped co-author the Brazil Low Carbon Case Study report, and worked on large scale electricity distribution rehabilitation projects in Brazil, Honduras and Malawi. Prior to the World Bank, Jennifer worked at BNP Paribas covering North American utilities, and at the Royal Bank of Scotland and at Credit Agricole covering media and telecom. She has a Bachelor of Science and Business Administration in Finance and Accounting from Drexel University and a Masters from the School of International and Public Affairs at Columbia University (SIPA) with a concentration in International Energy Management and Policy. She is currently pursuing a Certification in Sustainable Water Management from Columbia University.

Derek Gluckman Vice President – Senior Covenant Officer Moody’s Ratings

Derek Gluckman is a Vice President – Senior Covenant Officer in Moody’s Corporate Finance Group. Derek specializes in covenant analysis and research, with particular focus on leveraged loans.

Prior to joining Moody’s, Derek was a managing associate in the banking and finance practice group at Orrick, Herrington & Sutcliffe, LLP and was previously an associate in the leveraged finance and transportation finance practice groups at Milbank, Tweed, Hadley & McCloy LLP. His practice focused primarily on representing agents and lenders in commercial banking transactions.

Derek holds a J.D. from New York University School of Law and a B.S. from Washington University in St. Louis.

Jonathan Teitel Vice President - Senior Analyst, Corporate Finance Moody’s Ratings

Jonathan Teitel is a Vice President - Senior Analyst in the Corporate Finance Group at Moody’s. He joined the firm in 2012. Prior to Moody's, he worked at Barclays Capital and Goldman Sachs. He has a BS and MBA from New York University Stern School of Business. He is a CFA charterholder.

James Wilkins Vice President – Senior Analyst, Corporate Finance Moody’s Ratings

James Wilkins is a lead analyst at Moody’s Investors Service responsible for a portfolio of oil and gas companies, including exploration and production (E&P) companies, mid-stream energy companies, and oilfield service companies.

Prior to joining Moody’s in 2005, James worked at Merrill Lynch as an analyst and has previously worked in the chemical and pharmaceuticals industries in various financial and manufacturing positions.

James holds a bachelor of science degree in mechanical engineering from Northwestern University and an MBA from Columbia Business School. He is also a CFA charterholder.

John Thieroff Vice President - Senior Credit Officer, Corporate Finance Moody’s Ratings

John Thieroff is a Senior Analyst in Moody’s Oil and Gas Team, currently assigned to Moody’s ESG initiative. His ESG efforts are focused on carbon transition risk for sectors within the Corporate Finance Group that are considered to have significant exposure.

Prior to joining Moody’s, John worked for more than 20 years in energy credit in a variety of capacities including commercial lending at Chemical Bank and Christiania Bank, as a Director in Standard & Poor’s Oil and Gas group and as a Ratings Advisor at GE Capital. He also advised on transfer pricing for multi-national oil companies as an independent consultant.

John graduated with a Bachelor of Science in Finance from Central Michigan University and has a Master of Business Administration from the University of Toledo.

Jake Leiby Vice President-Senior Analyst, Corporate Finance Moody’s Ratings

Jake Leiby is a lead analyst on the Moody’s Oil & Gas team in New York, responsible for a portfolio of high yield exploration and production, midstream, and oilfield services companies.

Jake has been a published energy-focused credit analyst since 2009 and most recently served as a senior analyst at CreditSights, Inc., where he was responsible for commodity price forecasting and publishing credit-focused research on integrated oil, exploration and production, and oilfield services companies as well as Latin American National Oil Companies.

Jake holds a BA in Economics from Colby College and is a CFA Charterholder.

Sajjad Alam Vice President - Senior Credit Officer, Corporate Finance Moody’s Ratings

Sajjad Alam is an Vice President-Senior Credit Officer within Moody’s Corporate Finance Group in New York covering a portfolio of mostly high-yield E&P, midstream, drilling and oilfield services companies. Sajjad joined Moody’s in 2006 and spent the first two years analyzing companies in the North American metals and mining industry and the paper and forest product industry as a support analyst. Prior to joining Moody’s, Sajjad was a Senior Manager at Scotiabank’s Global Risk Management Group in Toronto responsible for revamping the bank’s risk assessment framework. Previous to that, he held various analytical and management reporting positions at Deutsche Bank, The Bank of New York and Morgan Stanley. Sajjad has an MBA in Finance from York University in Toronto, and a B.S. in Accounting and Economics from The University of Tennessee at Knoxville. He is also a CFA charter holder and a Certified Public Accountant. 

Elena Nadtotchi Senior Vice President, Corporate Finance Group Moody's Ratings

Elena Nadtotchi is a Senior Vice President in Moody’s Energy Team and a lead analyst

on a portfolio of investment-grade and high-yield energy companies. Elena is an

experienced credit professional with sound risk judgement, underpinned by 20+ years

of investment and rating portfolio management. She is also an energy industry expert

with extensive experience in other key commodities markets. Elena is Moody’s

coordinator for oil and gas price assumptions and a leading contributor to credit and

industry-focused research and an expert presenter at various investor and industry

forums and media.

Before moving to New York in 2017, Elena was based in London. She rotated coverage

of various commodity sectors, including North American energy companies and

energy infrastructure (since 2017), EMEA Integrated Oil and Gas and Mining; and

EMEA chemical, nutrition and nuclear energy services industries. She also helped to

initiate rating coverage in industrial and commodity sectors as Moody’s expanded in

the emerging markets, including through support of acquisitions by Moody’s. Elena is

a co-author of Moody's Integrated Oil and Gas rating methodology and was a coauthor of earlier Chemicals and Metals and Mining industry methodologies in previous

years.

Before joining Moody’s, Elena worked as a project finance and corporate banker for

various international banks. She started her career at the European Bank for

Reconstruction and Development in London, where she originated financing for the

roll out of telecom infrastructure in Central Europe, as well as infrastructure projects

in EMEA and Central Asia. Elena’s first degree is in Applied Mathematics, and she also

holds MA degree in Economics and MSc degree in Investment Management.

Amol Joshi Vice President – Senior Credit Officer, Corporate Finance Moody’s Ratings

Amol Joshi joined the Oil and Gas Team at Moody’s in early 2014. He is the lead analyst on a portfolio of high yield and investment grade companies focused on exploration and production, refining and marketing, midstream and oilfield services.

Amol brings 20 years of banking, buy-side and corporate finance experience to Moody’s having begun in the energy investment banking group at Jefferies & Company in Houston, TX. He has also worked in the energy groups at Banc of America Securities and Macquarie Group, as well as in asset management at Henry Kaufman & Company, investing in corporate securities and commodities.

Amol holds a Bachelor of Mechanical Engineering degree from the University of Bombay and a graduate degree in Finance from the Tepper School of Business at Carnegie Mellon University. Amol is a Chartered Financial Analyst and member of the CFA Institute.

Jonathan Teitel Vice President - Senior Analyst, Corporate Finance Moody’s Ratings

Jonathan Teitel is a Vice President - Senior Analyst in the Corporate Finance Group at Moody’s. He joined the firm in 2012. Prior to Moody's, he worked at Barclays Capital and Goldman Sachs. He has a BS and MBA from New York University Stern School of Business. He is a CFA charterholder.

Giancarlo Rubio Ramirez Vice President-Senior Analyst, Corporate Finance Group Moody’s Ratings

Giancarlo Rubio joined the Oil and Gas team at Moody’s in December 2023. He will be the lead analyst on a portfolio of high yield and investment grade companies. Giancarlo brings more than 15 years of experience in credit and financial analysis with a focus on Natural Resources credits. Most recently, Giancarlo held credit risk management roles at Citibank and Goldman Sachs, where he underwrote leveraged loans and asset-based financing and had credit authority to approve corporate derivatives and commodity trades.

Giancarlo has a Master’s degree in Business Administration from the McCombs School of Business at the University of Texas at Austin. He also has a Bachelor’s degree in Business Administration and Accounting from Universidad del Pacifico in Lima, Peru.

Thomas Le Guay Vice President-Senior Analyst, Corporate Finance Moody’s Ratings

Thomas Le Guay is a lead analyst on Moody’s Oil and Gas Team covering a portfolio that includes exploration and production, midstream, and oilfield service companies. He is a member of Moody’s ESG working group and has a variety of responsibilities in support of the firm’s expanding ESG efforts. Thomas joined Moody’s Corporate Finance Group in 2013. He has a MS in Financial Analysis from University of San Francisco and is a CFA charter holder.