Morningstar Hires Danna to Lead Asset-Backed Ratings Expansion

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Morningstar Credit Ratings LLC hired Peter Danna as a director of business development for asset-backed securities as the company seeks to expand into new markets.

Danna, who was previously at Radian Asset Assurance Inc., confirmed by telephone Friday that he is leading efforts to boost Morningstar’s asset-backed bond-rating business. Joe Petro, chief operating officer at Morningstar Credit Ratings, announced the hire in an e-mail Friday.