Thomas Watters

Managing Director at Standard & Poor's

Closter, New Jersey, United States

About

Experience

  • Managing Director at Standard & Poor's
    Apr 2008 - Present · 18 yrs 3 mos

    Team Leader Oil & Gas (9/2007-present) Metals & Mining, Paper & Forestry, Building Materials (1/2002-9/2007) • Responsible for managing a team of analysts with total coverage of approximately 165 issuers • Ensure quality of ratings, analytical process and consistent application of ratings criteria • Participate in numerous management meetings and chair sector rating committees • Promote and facilitate high quality industry commentaries

  • Director, Associate Director at Standard & Poor's
    Nov 1997 - Dec 2001 · 4 yrs 2 mos

    Director, Metals & Mining (10/2000-12/2001) Associate Director, Metals & Mining (11/97-10/2000) • Served as primary credit analyst and relationship manager for a portfolio of high yield and investment grade companies • Responsibilities included: ongoing surveillance and ensuring timely rating recommendations; preparing detailed rating committee presentations; analyzing business and financial profiles; forecasting; leading management and investor meetings; publishing rating rationales and industry commentaries; coordinating global metals and mining practices • Calculated recovery values for secured and unsecured debt holders in the event of a payment default via enterprise value and asset valuation methodologies

  • Senior Securities Analyst, Analyst at National Association of Insurance Commissioners (NAIC)
    Jul 1994 - Oct 1997 · 3 yrs 4 mos

    Senior Securities Analyst (1/95-10/97) Analyst (7/94-1/95) • Performed fixed income analysis of public/private securities purchased by US insurance companies to determine and assess creditworthiness of corporate entities with concentration in oil & gas, paper & forestry, metals & mining and miscellaneous manufacturing industries • Provided initial rating recommendations and surveillance to identify rating actions • Interacted with rating agency and insurance company analysts, regulators, and issuer management teams

  • Chemical Bank (New York City Metropolitan Area)
    • Account Officer, Middle Market Commercial Lending
      Jul 1993 - Jul 1994 · 1 yr 1 mo

      • Managed a portfolio of small/middle market size companies with sales up to $500 million • Analyzed and monitored financial condition of borrowing accounts • Evaluated and structured loan facilities to meet financial needs of existing and prospective customers • Responsible for development of new business and cross selling of cash management services

    • Assistant Manager/Credit Analyst
      Dec 1991 - Jun 1993 · 1 yr 7 mos

      • Responsible for evaluating and analyzing credit risks of existing and potential clients • Formulated written/oral recommendations to credit committee based on extensive research and analysis. Analysis criteria included quality of management; financial statement and corporate tax return analysis, cash flow analysis, industry research and projection model applications. Reviewed covenants and asset-based facilities to ensure clients were in compliance • Successfully completed Credit Training Program (7/91-12/91)