Moody's Investors Service has named Nicholas Levidy and Paolo Obias, who were previously senior vice presidents, to the positions of managing directors within its commercial mortgage-backed securities group. Levidy, who joined Moody's in 1998, was formerly a senior counsel for real estate and corporate finance with PNC Bank, and also served as a real estate attorney for several government agencies and private law firms. Obias, who joined Moody's in 1997 and worked in the Tokyo office for several years, previously held positions with two Indonesian real estate firms. Levidy will continue to report to Tad Philipp, co-head of Moody's U.S. CMBS group, and Obias will continue to report to Jim Duca, the other co-head of the group. Both promotions are effective immediately.

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