Giovanni Ferretti

Moody's Investors Service Ltd. is the Great Britain-based investment research subsidiary of Moody's Corp. (NYSE: MCO) in the US. The firm was founded in 1985 under the name Rapidcredit Ltd. Headquartered in London, Moody's Investors Service provides credit ratings, research, and risk analysis. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Santander CCVM SA is a brokerage firm headquartered in Sao Paulo, Brazil. The firm was founded in 1982 and is a subsidiary of Banco Santander (Brasil) SA (BVMF: SANB3; NYSE: BSBR). Santander provides brokerage services to their clients.

Eleven Financial Research (EFR) is an independent research firm headquartered in São Paulo, Brazil and was founded in 2015. The firm provides investment research to their clients.

Part of Citigroup, Inc., Citigroup Global Markets Brasil CCTVM SA is a brokerage services provider. The company is based in São Paulo, Brazil. The Brazilian company was founded in 1990. Marcelo Marangon has been the CEO of the company since 2013.

Fitch Italia SpA is the Italian investment research subsidiary of Fitch Ratings Ltd., ultimately owned by The Hearst Family Trust in the US. Headquartered in Milan, Fitch Italia provides credit ratings, commentary and research.

Infor2000 Srl is an Italian company that provides ERP management software development and training services for companies. The private company is based in Modugno, Italy. The CEO of the company is Marco Rizzo.