Impossible made possible: new S&P criteria for rating pension funds

Pension fund appetite for direct participation in infrastructure debt continues to grow. Yet this brings new risk to assess, Robin Burnett at Standard & Poor’s tells IJGlobal in their EMEA Awards Issue.

In response, S&P have started to assign a ‘risk assessment’ to certain types of pension funds, incorporating this assessment into the rating of project finance transactions exposed to such funds. Ultimately, this should drive better transparency for all concerned. Burnett recognises that “the industry has moved a long way in a short time and what previously was said to be administratively impossible now is possible”.

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