Carolina Yaginuma

Carolina Yaginuma is the Head of Structured Finance Brazil and a Senior Director at Fitch Ratings, located in São Paulo, Brazil. In her role, she is responsible for overseeing the credit ratings of various structured finance transactions, particularly those involving Fundos de Investimentos em Direitos Creditórios (FIDCs), debentures, and securitization vehicles such as CRIs (Certificados de Recebíveis Imobiliários) and CRAs (Certificados de Recebíveis do Agronegócio) .12

Background and Education

Carolina holds a Bachelor's degree in Education from the University of Brasilia and a Master's degree in International Education Policy. Her educational background equips her with strong analytical and communication skills essential for her work in structured finance .

Professional Experience

At Fitch Ratings, Carolina leads the analysis of critical credit, legal, and structural elements of structured finance transactions. Her responsibilities include:

• Assigning and reviewing ratings for various structured finance transaction types.
• Conducting cash flow modeling and analyzing collateral.
• Preparing credit committee reports and communicating credit opinions to investors and issuers .13

Carolina's expertise in structured finance is complemented by her experience in credit analysis and her proficiency in quantitative modeling techniques. She is known for her strong communication skills in both English and Portuguese, which are vital for engaging with market participants .2