Segments of the Canadian economy, including the transportation sector, continue to be impacted by the COVID-19 pandemic. However, the infrastructure related projects have held up reasonably well.
Join this second session of the Canadian Briefings as analysts review the following topics:
- What is Moody’s macroeconomic outlook for Canada and its provinces?
- How will new public infrastructure investment be deployed?
- Can the construction industry handle new investment and will pricing be pressured?
- Risks of DBFs and changes to public funding and procurement approaches.
- Credit risks of new risk allocations and construction contractual arrangements.
- New developments on indigenous participation in infrastructure development.
- How does Moody’s incorporate ESG risks in our analysis?
Click here to view the first session: Credit performance across sectors amid the pandemic
-
SpeakersAngelo J. Sabatelle Associate Managing Director, Global Project & Infrastructure Finance Moody's Investors Service
Rebecca Adair Vice President - Senior Analyst, Global Project & Infrastructure Finance Moody's Investors Service
Kathrin Heitmann Vice President-Senior Credit Officer, Global Project and Infrastructure Finance Moody’s Ratings
John Medina Senior Vice President, Global Project and Infrastructure Finance Moody's Ratings
Louis Ko Vice President - Senior Analyst, Global Project & Infrastructure Finance Group Moody’s Canada Inc.
Michael Yake Associate Managing Director Moody's Investors Service
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseSign In
Please sign in to your account:
A.J. Sabatelle is an Associate Managing Director in Moody’s Global Project & Infrastructure Finance Group where he manages the Project Finance Team for the Americas, including Latin America and Canada. A.J. also acts as a rating chair across all segments of the Global Infrastructure and Project Finance franchise, is a member of the Infrastructure Finance Franchise Committee and a member of the Global Infrastructure Focus Editorial Board.
A.J. joined Moody’s in 1997. For most of tenure at Moody’s, A.J. has been responsible for assigning ratings to and monitoring issuers across the electric power industry, including electric and gas utilities, independent power companies, and project finance transactions throughout North and South America. He has authored numerous research and rating methodology pieces covering the infrastructure and project finance sectors.
Prior to joining Moody’s, A.J. was a First Vice President and Manager of Mellon Bank’s Utilities and Project Finance Group. Before that, he was a Relationship Manager at Mellon Bank; and previously at Irving Trust Company, where in both cases he handled a portfolio of U.S. utility and energy companies.
A.J. holds an MBA in Finance from Stern School of Business at New York University and a AB in Economics from Columbia College, Columbia University.
Rebecca Adair is a Vice President – Senior Analyst in the Global Project & Infrastructure Finance Group covering a diverse portfolio of public private partnerships (P3), project finance, and infrastructure issuers in the transportation, social, and power sectors. She also leads new rating assignments for P3 bids and other project finance and infrastructure transactions.
Prior to joining Moody’s, Rebecca had several years of experience in the project finance and infrastructure space and most recently worked as a Director in the credit team at Sun Life Financial with responsibilities spanning a range of sectors, including renewable/thermal power, energy, rail, bridges, water, hospitals, universities, stadiums and airport related facilities.
Rebecca holds an MBA in finance from Rotman School of Management at the University of Toronto and a Bachelor of Electrical Engineering from Shanghai Jiao Tong University. Rebecca is also a CFA charter holder.
Kathrin Heitmann is a Vice President-Senior Credit Officer at Moody’s Global Project and Infrastructure Finance Team based in New York. Kathrin is covering a diverse portfolio of project finance and municipal infrastructure issuers in the power, water, airport and port sectors including Public-Private-Partnerships (P3). Kathrin also leads our default research on project finance bank loans.
Before joining the Infrastructure and Project Finance team, Kathrin was one of the lead analysts responsible for the portfolio of regional and local governments and government related issuers in Canada. In addition, prior to May 2014, Kathrin was a lead analyst in Moody’s EMEA Corporate Finance Group in Frankfurt, Germany, covering a diverse set of heavy industrial corporations across Europe. She joined Moody’s in 2007.
Kathrin is a certified Financial Risk Manager and a CFA Charter holder. She studied business administration at UAM University in Madrid, Spain and holds a master’s degree (Diplom-Kauffrau) in business administration from Johann Wolfgang Goethe University in Frankfurt, Germany.
John is a Senior Vice President in Moody’s Global Project and Infrastructure Finance Team covering a diverse portfolio of project financings, public private partnerships (PPPs), and municipal infrastructure issuers in the transportation, energy and social infrastructure sectors. John chairs Moody’s Global PPP Task Force and is the sector lead for US toll roads, PPPs and generic project financings. John authors research across multiple sectors and annually leads several new rating assignments for new PPPs and project financings in the US and Canada. John was selected as one of the Bond Buyer’s 2017 Rising Stars. Before joining the Infrastructure and Project Finance Team in 2010, John spent two and a half years as a lead analyst for local governments and enterprises in the Eastern Regional Local Government Ratings Team where he was the lead for municipal issuers in Pennsylvania and New York while also covering New Jersey, Virginia, and Florida. Prior to joining Moody’s, John worked as a risk management analyst, a property and casualty insurance account manager, and a health care claims auditor. John is a founding member and was the first co-chair of Moody’s NY Multicultural Employee Resource Group and is a founding steering committee member of Moody’s NY LGBTA Employee Resource Group. John earned his BA degree in Health Care Economics and Policy from Stanford University and his MPA in Health Care Public Finance from New York University’s Robert F. Wagner Graduate School of Public Service.
Louis Ko is a Vice President–Senior Analyst in the Global Project & Infrastructure Finance Group. His responsibilities include the monitoring of a portfolio which includes various project financings, public-private partnership (P3) and power projects in Canada. Louis is a member of Moody’s global P3 task force and annually participates in several new rating assignments for P3 bids in the Canadian market. Some notable recently completed transactions include the refinancing for the Rt. Honourable Herb Gray Parkway in Ontario, Sea to Sky Highway in Vancouver and the Southwest Calgary Ring Road in Alberta. Prior to joining Moody’s, Louis worked as a Director in the Project Finance team at Manulife Financial as part of the team that is responsible for the origination and investment in renewable power generation and infrastructure projects. Louis holds a Masters of Business Administration from the Smith School of Business at Queen’s University and a Bachelors of Applied Science in Computer Engineering from the University of Waterloo. Louis is a CFA charter holder.
Michael Yake is Associate Managing Director in the Sub-Sovereign Group for Moody’s Investors Service (MIS). Based in Toronto, Michael leads the team of analysts for the Canadian Sub-Sovereign portfolio which covers provinces, municipalities and a wide selection of government related issuers in Canada. He is also a co-manager of the non-US portfolio of Moody’s Global Higher Education group which includes institutions in Canada, Singapore, Australia and the United Kingdom. He joined Moody’s in 2011.
Michael also assumed the role of MIS Country Manager for Canada in 2022, overseeing MIS’s activities in the country and acting as senior point of contact to issuers and other market participants.
Michael has a broad background in public policy, finance and economics. Prior to joining Moody’s, he was a Senior Economist with the Bank of Canada in their Quebec regional office. He has also held various positions with other federal government departments.
Michael holds an M.A. in economics from Queen’s University and a B.A. in economics from the University of Western Ontario.