Moody's Investors Service has promoted Nicolas Weill to Chief Credit Officer, a newly created role at the rating agency. Weill will be responsible for the constancy of rating decisions and methodologies within the group, as well as with methodologies in the other product groups at Moody's. He will also be charged with making sure ratings are adjusted on a timely basis, among other roles.

Weill, who has been with Moody's for eight years, reports directly to Andrew Silver, group managing director of asset finance. Weill has traditionally been involved in the more esoteric asset classes, such as tobacco structured settlement securitization and pooled aircraft ABS.

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