Rahul Ghosh is Managing Director and Global Head of Sustainable Finance & Emerging Markets at Moody's Ratings. In this role, Rahul is responsible for Moody's Ratings' strategy to systematically integrate material sustainability and climate considerations into credit ratings. He also leads analytical teams that produce assessments on the credentials of sustainable debt (Second Party Opinions) and the strength of companies' carbon transition plans (Net Zero Assessments), as well as the credit rating agency’s thought leadership and market engagement on global emerging market credit.

Rahul regularly takes part in high-profile industry working groups, market briefings, external conferences and media engagements. He represents Moody's as a member of the Taskforce on Nature-related Financial Disclosures and the Transition Finance Council. He also represents Moody's on the Principles for Responsible Investment's advisory committee on credit ratings and the International Capital Market Association's Green and Social Bond Principles advisory council. He has presented on the impact of climate change on global credit markets at the 2025 and 2021 United Nations Climate Change Conferences in Belém (COP30) and Glasgow (COP26), and on sustainable finance trends at the International Finance Corporation's Global Debt Mobilization Conference.

Before his current position, Rahul previously worked in Moody's Credit Strategy & Research team where he was responsible for regional credit oversight and though leadership. Prior to joining Moody's in 2013, Rahul was the Head of Asia at BMI Research (Fitch Solutions) in Singapore, leading a team of macroeconomists and industry specialists in analysing sovereign risk, sector performance and capital markets.

Rahul is the executive sponsor of Moody's UK Multicultural Business Resource Group. He holds a master's degree in economics from the University of Edinburgh and a Certificate in ESG Investing from the CFA Society of the UK.

Matt Robinson manages the Sovereign Risk Group’s Middle East and Africa team producing ratings and research regarding sovereign and supranational creditworthiness in Sub-Saharan Africa and Middle East/North Africa. He is responsible for managing staff located in London, Frankfurt, Dubai and New York.

Matt joined Moody’s in 2007 after a decade of macroeconomic and public policy experience. Prior to managing the Middle East and Africa sovereign ratings team, Matt was the Director of Sovereign Research, responsible for coordinating and contributing to the research produced by Moody’s global team of sovereign risk analysts. Matt previously managed the affairs of the Moody’s Economy.com Sydney office, providing independent economic analysis, data and forecasting and credit risk services to Moody’s Analytics’ worldwide client base. Before joining Moody’s, Matt worked as an economist and policy adviser in a number of public and private sector organisations, including Commonwealth Treasury and the Economic Division of the Department of the Prime Minister and Cabinet in Australia.

Matt received his bachelor of economics from the University of Newcastle(Australia) and his graduate degree from the Australian National University.

Lucia Lopez is the Executive Director, Global Head of Credit in Moody’s Ratings Sustainable Finance group.

In her role, Lucia manages a global team of talented analysts responsible for developing and implementing initiatives to transparently integrate the impact of environmental, social, and governance considerations into credit ratings, analytics, research and outreach. This includes building data platforms, tools, and insights to assess the credit impact of these considerations in Moody’s Ratings rated universe.

The team also produces thematic research that continue to cement Moody's Ratings' thought leadership in Sustainable Finance and lead related outreach efforts with regulators, investors, and other market participants.

Lucia frequently represents the firm as a speaker through conversations with investors, policymakers and other market participants around the world.

Lucia brings multi-disciplinary expertise through past positions as a senior credit officer and senior underwriter in leading investment banks.

Before moving to the Sustainable Finance team, Lucia was a lead analyst in the EMEA Corporate Finance Group since 2018.

Prior to Moody’s, Lucia held several roles over 15 years at a number of banks including Deutsche Bank and Barclays, specializing in  leverage finance, commodities and natural resources.

Lucia holds a Masters in European Law from the Université Libre de Bruxelles.

Marie Diron is global head of Moody’s Sovereign and Sub-Sovereign Risk Group, with responsibility for credit ratings on countries, regional and local governments, public sector entities and multilateral development banks. Marie is also Moody’s Investors Service lead coordinator on ESG monitoring and integration across asset classes. 

Marie has worked in various functions at Moody’s in the Sovereign Risk Group and (then) Credit Policy. In particular, she was lead sovereign analyst for a number of Asia Pacific credits including Australia, China, India and some frontier market sovereigns. She then managed the Asia Pacific sovereign team, before expanding her responsibilities to today’s global role. Previously, in Credit Policy, Marie co-ordinated Moody’s Global Macro Outlook and other credit research. 

Marie was previously Director at Oxford Economics, leading the company’s forecasting and scenario analysis service to financial sector and corporate clients, after a number of years at the European Central Bank and Brevan Howard LLP. Marie received a MPhil in Economics from the University of Cambridge and graduated from the Ecole Centrale Paris.

Leslie Maasdorp is CEO of British International Investment (BII), the UK’s development finance institution. He was previously Vice-President and Chief Financial Officer of the New Development Bank, based in Shanghai, for nine years. Over the past 25 years he held senior leadership positions at global financial institutions, including serving as International Advisor to Goldman Sachs, Vice Chairman of Barclays Capital, and President of Bank of America Merrill Lynch in South Africa. In the early years of South Africa’s democratic era, he held key roles in the Government of South Africa, as Special Advisor to the Minister of Labour and Deputy Director-General responsible for Restructuring of State-owned Enterprises.

Matt Robinson manages the Sovereign Risk Group’s Middle East and Africa team producing ratings and research regarding sovereign and supranational creditworthiness in Sub-Saharan Africa and Middle East/North Africa. He is responsible for managing staff located in London, Frankfurt, Dubai and New York.

Matt joined Moody’s in 2007 after a decade of macroeconomic and public policy experience. Prior to managing the Middle East and Africa sovereign ratings team, Matt was the Director of Sovereign Research, responsible for coordinating and contributing to the research produced by Moody’s global team of sovereign risk analysts. Matt previously managed the affairs of the Moody’s Economy.com Sydney office, providing independent economic analysis, data and forecasting and credit risk services to Moody’s Analytics’ worldwide client base. Before joining Moody’s, Matt worked as an economist and policy adviser in a number of public and private sector organisations, including Commonwealth Treasury and the Economic Division of the Department of the Prime Minister and Cabinet in Australia.

Matt received his bachelor of economics from the University of Newcastle(Australia) and his graduate degree from the Australian National University.

Stephanie is the Global Head of the Equity and Funds department of KfW Development Bank. As such, she oversees the Bank´s impact investment portfolio globally. The overall portfolio as of 12/2025 amounts to about EUR 6.3 bn split mainly over climate finance, SME funding, capital market development and agriculture / biodiversity.

Stephanie joined KfW in 2011 and since held various leadership position within the Group. From 2015-2018 she headed the Global Infrastructure and Equity Department for KfW DEG covering DEG’s global activities in the Infrastructure Project Finance and Direct Equity markets. Before, she headed a team which was responsible for the execution of KfW’s EUR 5 bn investment programme for Wind Offshore Financings.

Prior to joining KfW Stephanie worked as a Senior Project Manager at West LB and Commerzbank, where she was responsible for the origination, structuring and negotiation of Project Finance / LBO transactions with a sector focus on renewable energy and transportation infrastructure. Overall, Stephanie has more than 25 years of experience in equity / funds and mezzanine financing as well as in project finance, both in developed and emerging markets.

Stephanie holds a Master Degree in Finance and Marketing from University of applied science Cologne, Germany, and Leadership GMP degree from The Wharton School, USA.

Simon is Head of Impact Debt at Ashmore, the specialist Emerging Markets (EM) investment manager, and chairs Ashmore’s Impact Debt Sub-Investment Committee, which oversees all of Ashmore’s impact investing activities. He joined Ashmore in 2024 to build out Ashmore’s impact investing capabilities, with the first fund launching in 2025.

Prior to Ashmore, Simon spent 13 years at Insight Investment, most recently as the Lead Portfolio Manager on EM sustainable and impact strategies. Simon holds a BA in History from Durham University, is a Chartered Accountant and CFA charterholder.

Ashmore is a specialist Emerging Markets (EM) asset manager, managing USD 54bn AUM (as at June 2026), with over 30 years’ experience investing across EM regions and asset classes. Ashmore has global operating offices in London, New York and Singapore, with regional offices across EM.

Kathrin joined Moody’s Ratings in April 2010 as a member of the Sovereign Risk Group. She is the lead analyst for a number of European sovereigns including Turkey and Israel as well as several MDBs such as the IFC, EBRD and AIIB among others. She is also Moody’s global coordinator for all of Moody’s MDB ratings.

Prior to joining Moody’s Kathrin was a Director with Merrill Lynch, working as Sovereign Ratings Advisor to governments and banks in emerging markets. Prior to that, she was Chief Economist for Deutsche Bank in Spain.

She holds a M.Sc. in Economics, Latin American Politics, Spanish and Portuguese languages from the University of Tuebingen as well as a post-graduate economics degree from the College of Europe, Bruges.

Marianna Waltz is a Managing Director at Moody’s Ratings and has joined the company in 2011.

In her current role, Marianna leads the EMEA Project Infrastructure Finance ratings and research franchise, with responsibility for performance, execution and strategic direction across the region.

Previously, Marianna had run Moody’s ratings teams in Latin America, including the Corporate Finance, Infrastructure, and Financial Institutions groups across more than 15 countries.

She’s a member WeConnect International Advisory Board, a global non-profit organization that supports women-owned business around the world.

Marianna is a former Board Member of Moody’s Local, Moody’s affiliate for domestic capital markets in LatAm.

Prior to joining Moody’s, she developed a career as an equity sell side analyst and, from 2008 to 2011, she was the head of sell-side equity research at Banco do Brasil.

Marianna is a CFA charter holder and holds three Master’s degrees, including an MBA in Finance from IBMEC Business School; an MBA in Marketing from FundaçãoGetúlio Vargas –FGV; and a Master in Semiology from UFRJ.

Kevin Maddick joined Moody’s in 2017, and has responsibility for a team of analysts covering project finance and infrastructure in EMEA. He has extensive experience in the financing of infrastructure and energy assets, as debt provider, as equity investor, and as financial advisor. He has structured, arranged or advised on over 200 project, secured corporate and asset financings globally. Kevin has also acted as Board Director of a portfolio of operating companies and of an investment holding company. Kevin was previously Head of Infrastructure and a Managing Director at NatWest, leading origination, execution, and financial modelling teams for debt, equity and advisory, during a 17-year period with the bank. Before that Kevin was responsible for new equity investments for 3 years whilst at Balfour Beatty Capital. Kevin spent the early 10 years of his career with Peninsular and Oriental Shipping, chartering tanker and dry bulk vessels worldwide, and in ship sale, purchase, financing and leasing, based in Europe and Asia. Kevin is a CFA Charterholder, a Chartered Management Accountant, a Chartered Shipbroker, and has an MA in Geography from Oxford University.

Moody’s has a leading global Infrastructure Finance franchise, rating some US$2.8 trillion of corporate and project finance securities. Our team of 148 analytical staff covers more than 2,700 public and private sector infrastructure issuers globally. Moody’s EMEA team of 48 infrastructure specialists is responsible for rating around 330 issuers with approximately US$756 billion in debt outstanding. Moody’s Investors Service covers a total of more than 35,000 issuers and structured finance transactions worldwide, representing more than US$73 trillion in rated debt

Christian Fang is a Vice President - Ratings within the Sovereign and Sub-Sovereign Risk Group at Moody’s Ratings.

Based in Dubai, Christian serves as lead analyst for a portfolio of sovereigns in the Middle East, Africa and South Asia, including Jordan, Kuwait, Rwanda, Saudi Arabia and Sri Lanka.

He is also lead analyst for the Gulf Investment Corporation and the Islamic Corporation for the Development of the Private Sector, multilateral development banks serving the interests of the Gulf Cooperation Council and the Organization of Islamic Cooperation, respectively.

Christian was formerly based in Singapore covering a portfolio of predominantly Asia Pacific and Eurasian sovereigns and sub-sovereigns.

Prior to joining Moody’s, Christian was a Lead Portfolio Manager for the Monetary Authority of Singapore, where he was responsible for the investment of Singapore’s foreign reserves in European fixed income, global investment-grade credit, and global developed equity markets.

His time with the central bank included a two-and-a-half-year stint in London as its sole in-house investment representative. He also worked in monetary policy operations and macroprudential policy research, and was involved in the negotiation of Singapore’s renminbi swap line with China, as well as banking systemwide stress tests.

Christian holds an honors bachelor’s degree in Economics from the University of Chicago and a master’s degree in Finance from Princeton University.

Tanguy Hespel is a Vice President in the Structured Finance Group at Moody’s Investors Service in Paris. He primarily covers European Collateralised Debt Obligations (CDOs) but also works on Asset Backed Commercial Paper as well as in ABS transactions backed by tariff deficit receivables.

Prior to joining Moody’s in January 2017, Tanguy spent 15 years with Crédit Agricole Corporate & Investment Bank in various positions, including as a CDO & CLO structurer before moving to a senior portfolio manager position in the distressed assets group in charge of the legacy structured credit assets.

Tanguy holds a BA in Economics from INSEEC – MBA Institute, Paris.

Zoe is a Vice President in Moody’s Sub-Sovereign Group and holds lead analytical responsibility for ratings on a portfolio of local authorities, housing associations and other government-related issuers in the UK.

Prior to joining Moody’s, Zoe worked as an Associate Director at Arup in London, undertaking a range of economic and financial consultancy projects with public and private sector organisations in the UK and internationally.

Zoe holds a BA (Hons) in History from the University of Birmingham, an MPA in Public Economics and Policy from the London School of Economics and is an Fellow Chartered Accountant (FCA) of the Institute of Chartered Accountants in England and Wales.