Category: Infrastructure Finance

S&P Global Ratings’ 2018 outlook for the ports industry, covered by Port Technology

In its “Industry Top Trends 2018” report for the transportation industry, S&P Global Ratings highlights the shipping industry’s exposure to fluctuating demand for coal and minerals, congestion and regulatory risk as the three most prominent considerations for port assets. Despite the potential challenges ahead, Mar Beltran, senior director and sector lead for infrastructure, EMEA at …

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S&P Global Ratings’ sustainable finance team is bolstered with new appointment

In January, S&P Global Ratings expanded its Sustainable Finance team with a new appointment. Corinne Bendersky transfers to London from San Francisco, where she spent the last two and half years as an Associate in the Infrastructure & Renewables Team, specialising in credit ratings for renewable energy and public private partnership projects. In her new …

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Actions taken by S&P Global Ratings following Carillion collapse covered by InfraNews

Following the collapse of U.K.-based construction and facilities management firm Carillion, S&P Global Ratings announced that the ratings and outlooks on the debt issued by five U.K-based and three Canada-based entities remain unchanged. For these projects Carillion had acted as a counterparty, though S&P Global Ratings states that their ratings are neither linked to nor constrained …

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Writing for the World Bank blog, S&P Global Ratings’ Mar Beltran outlines New South Wales’ infrastructure turnaround

Following a countrywide slump for infrastructure projects during the financial crisis, the Australian state of New South Wales (NSW) is displaying signs of promise. Thanks to its application of new financing models and regulatory rigour, NSW’s economic growth is outstripping the G20 average. In turn, NSW has become a blueprint for regional regeneration. In a …

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In Sustainable City Network, S&P Global Ratings’ Michael Ferguson considers the growth of the U.S. municipal green bond market

As market interest continues to mount in renewable energy, energy efficiency, and water conservation measures, U.S. cities and states are witnessing substantial reductions in their carbon footprints, as well as an ongoing mass transformation of the energy generation grid. As such, many municipalities are taking advantage of the “green bond” as a way to finance …

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Incentivising low-carbon infrastructure following COP23 – S&P Global Ratings writes for Responsible Investor

In the wake of COP23, climate change negotiations are already bringing repercussions on many energy and infrastructure sector assets: from enhanced resilience and low‐carbon transportation projects, to the conversion or shuttering of fossil fuel power plants. S&P Global Ratings – along with Norton Rose Fulbright – writes in Responsible Investor on how we can expect …

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S&P Global Ratings’ COP23 outlook covered by Sustainable City Network

After a year of multiple extreme weather events around the world, there was growing sense of urgency for action at COP23, particularly from the small island states and developing countries looking to focus more attention on climate change adaptation. As such, S&P Global Ratings’ produced a report “COP23: Two Degrees, With Separation” examining the nationally …

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S&P Global Ratings publishes its latest edition of Infrastructure Finance Outlook magazine

S&P Global Ratings has published its latest edition of Infrastructure Finance Outlook – reviewing the most pressing developments from the global infrastructure sectors from the past quarter. Focusing on disruption, this quarter’s Infrastructure Finance Outlook provides global insights from S&P Global analysts on topics including: the outlook for U.S. utilities amid a sea of industry change; the opportunities …

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S&P Global Ratings’ Michael Ferguson considers the development and prospects of the U.S. green bond marketplace in American Infrastructure

2017 has seen a surge of global green bond issuances. The Climate Bonds Initiative (CBI) quantified the total figure for H12017 at $55.8 billion – representing a $21.2 billion increase from the same period in 2016. Despite the sharp increase in both America’s municipal and corporate issuances this year, the majority of green bond marketplace …

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Writing for Brink Asia, S&P Global Ratings’ Mar Beltran describes Australia’s infrastructure turnaround

Prior to the financial crisis, Australia enjoyed a decade of promising infrastructure projects. Privatizations of the country’s four major airports, along with extensive highway construction, were infrastructure successes. But – tempered by construction difficulties, overambitious project forecasting, and highly aggressive financial structures – Australia suffered multiple high-profile defaults. Coupled with the financial crisis, the country’s …

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