Calvin Wong has assumed the role of chief credit officer Morningstar Credit Ratings.

Wong most recently worked for rival rating agency Standard & Poor's as practice criteria officer of Global RMBS and managing director of criteria and quality of structured finance ratings, according to a press release published Tuesday. He joined the company in 1987 and has worked in structured finance credit analytics, asset securitization, debt ratings, credit policy, and corporate governance. He led S&P's Asia-Pacific structured finance ratings business and governance services from 1998 to 2005.

At Morningstar, Wong is responsible for enhancing the internal control structure for ratings by reviewing rating methodologies and criteria, supporting credit rating model review processes, and overseeing the development of rating criteria. He is based in New York City and reports to Vickie Tillman, president of Morningstar Credit Ratings. Tillman joined the company in August 2013, also from S&P.Wong has nearly 25 years of experience in structured finance. "His in-depth knowledge of both residential mortgage-backed securities and asset-backed securities is a great addition to our team,” said Tillman. “We look forward to working with [Wong] to continue our expansion into new areas of the structured finance market."

Morningstar is a Nationally Recognized Statistical Rating Organization that specializes in structured credit research and ratings. The rating agency has rated a number of CMBS deals and notably rated the first single family home rental securitization bond, Invitation Homes 2013- SFR1, in October of last year.

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