Cintia Nazima

BY SourceMedia | MUNICIPAL | 09/30/25 09:11 AM EDT By Danielle Fugazy

Title: Vice President, Senior Analyst
Firm: Moody's Ratings
Age: 33

Coming from an emerging country, Nazima was naturally drawn to infrastructure projects.

"It is easy to see how much economic potential is held back by lack of infrastructure. That's why I started my career covering the infrastructure sector at Moody's in Brazil,." said Nazima, who went through the ranks at the associate level before leaving for a brief stint at a bank.

Nazima returned to Moody's in 2019, working in the New York office, where she covers a diverse range of infrastructure credits and leads the U.S. toll roads sector and cyber efforts in her industry.

"I always had a professional goal of working abroad and Moody's was offering me an opportunity in New York in infrastructure, so it made a lot of sense for me to go," said Nazima.

Nazima has spoken at numerous industry events and was a key figure discussing the credit impact the Key Bridge collapse in Baltimore would have on the municipal markets. "When there are major credit events, we always need to react quickly. As rating analysts, we need to push out the best research as soon as possible. This case was a great example of how our opinion matters, especially in times of uncertainty, when investors and the media turn to us," she said.

Nazima is proud to be a Brazilian woman of Japanese descent and an active participant of business resource groups and mentoring programs at Moody's. "I want to make sure I give the support to anyone who seeks it, just as my mentors and managers did for me," said Nazima.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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