Greetings Community Members and welcome to our discussion on credit ratings for sub-sovereign entities!


It is well known that a key tool in developing and showcasing good financial management practices is to obtain a credit rating from a respected rating agency. 


In order to shed some light on credit ratings for sub sovereign entities I have the pleasure to presenting Fernando Mayorga of Fitch Ratings answer your questions on sub-sovereign finance in developing countries:


A Brief Introduction of Fernando Mayorga:

Fernando is the global head of the International Public Finance group at Fitch Ratings. His team rates local and regional governments as well as public sector entities, including social housing, public transportation, universities, and health care providers outside of the US. Previously he was also CEO of the Spanish offices for Fitch Ratings.


Prior to joining Fitch in 1993, Fernando worked in Banco Exterior de España in London, where he was responsible for the credit analysis of the bank’s U.K. and Latin American corporate exposure. Fernando has an MSc in Financial Economics from the University of London and a BA (Hons.) in Modern European Studies from West London University. He also holds a postgraduate diploma in banking from Guildhall University and was an associate member of the Chartered Institute of Bankers in the U.K. Fernando is currently based in Barcelona.