In August 2010, Michael formally retired from Moody’s Investors Service, completing a 25-year career with the US Credit Rating Agency. Started in New York in 1985, as analyst for European banks, Michael subsequently moved to Europe, founding, in the period spanning from 1989 to 2002, Moody’s Investors Service’s Continental Europe offices in France, Germany, Spain and Italy. In this capacity, Michael was tasked with the communication of the ratings agency’s mission to all constituents including investors, intermediaries, issuers, the media and government regulatory bodies. Also, from 1996 to 1999, Michael spearheaded the expansion of Moody’s franchise in developing capital markets located in India, Eastern Europe and North Africa.
In his work with CRIF Rating Agency, Michael will be tasked with the developing of the Agency’s franchises outside of Italy, focusing initially on the Spanish debt capital markets, and subsequently in France and the German-speaking countries. His assignment follows shortly the signing of a cooperation agreement between CRIF Rating Agency and Madrid-based Informa D&B, whereby the Italian agency will assign credit ratings to Spanish corporations, following closely the evolution of Spain’s newly inaugurated MARF (Alternative Fixed-Income Market), expected to be an important source of financing for Spanish SMEs.
About CRIF Rating Agency
Established in 2010 as part of the CRIF Group (crif.com), CRIF Rating Agency is the first Italian rating agency to issue credit ratings according to EU regulations, having obtained Credit Rating Agency (CRA) registration on December 23, 2011 from Consob - the Competent Authority in Italy - and ESMA - the new European Securities and Markets Authority.
Founded in 1988 and headquartered in Bologna, Italy, CRIF Group is a privately-owned, multinational financial and business information services group with more than 1500 employees worldwide and an annual turnover in excess of Euro 285 million.