Category Archive: News

ICC Banking Commission “Rethinking trade and finance” report featured in Nordea Insights

In its most recent newsletter, Nordea Insights – the Nordic banking organisation – has published an interview covering the latest ICC Banking Commission “Rethinking Trade and Finance” report. The interview, which features responses from a number of Banking Commission Executive Committee members, delves into various aspects of the report – including digitalisation and standardisation, sustainability …

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S&P Global Ratings appoints Mar Beltran as senior director for infrastructure practice

S&P Global Ratings has appointed Mar Beltran as Senior Director, Infrastructure Sector Lead, Infrastructure Ratings. Beltran, who will be based in Madrid, joins from Australia-based Global Infrastructure Hub where, on behalf of the G20, she led policy work to identify priority reforms in infrastructure markets. As a senior director, Beltran advised governments of both developed …

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UniCredit’s preparations for multinational roll-out of instant payments covered by specialist press

UniCredit and EBA Clearing have announced that UniCredit has started testing with RT1, EBA Clearing’s pan-European, real-time payments platform. This test phase is a key milestone for UniCredit in its preparations to roll out euro instant payment products to its customer base across Europe. UniCredit is one of the first banks preparing to make real-time …

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U.S.’ withdrawal from Paris Agreement is not the death knell for clean energy initiatives, says S&P Global Ratings at CEPEC event

At a recent CEPEC event, S&P Global Ratings, Sund Energy and Chatham House agreed that multilateral climate and environmental initiatives, as well as U.S. state-level clean energy drives, will likely continue regardless of the U.S.’ Paris Agreement withdrawal. S&P Global Ratings’ Michael Wilkins, Head of Environmental & Climate Risk Research, stated: “The withdrawal from Paris, …

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Austria’s first BPO: Commerzbank’s landmark transaction covered by the specialist press

Commerzbank has reached a milestone in the digitalisation of the trade finance industry, having processed the first Bank Payment Obligation (BPO) deal in Austria. A BPO allows the automatic release of funds between banks based on the matching of electronic data. Companies are increasingly recognising the benefits of the trade instrument, which include faster communication …

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Mexico City Airport Trust’s score of E1/77 under S&P Global Ratings’ Green Evaluation covered by the specialist press

The tranches of senior secured bonds Mexico City Airport Trust intends to issue through to 2020 received S&P Global Ratings’ Green Evaluation score of E1/77. E1 is the highest score on the scale (E4 is the lowest). S&P Global Ratings expects the debt to gradually increase, reaching up to US$6 billion over the next two to …

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Three Gorges Finance receives E1 score from S&P Global Ratings for €650 million European wind project bonds, covered by the specialist press

Three Gorges Finance II received a score of E1/83 on S&P Global Ratings’ new Green Evaluation scale for its €650 million green bond issuance due in June 2024. This is the first ever Chinese green bond to be ranked under the Green Evaluation framework. The bonds will be used to finance European wind power projects …

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City Of Gothenburg receives first Green Evaluation for municipal green bond, with a score of E2/67, covered by the specialist press

  The City of Gothenburg received a score of ‘E2/67’ on S&P Global Ratings’ new Green Evaluation scale for its Swedish krona (SEK) 1 billion of green bonds due on 15th June, 2022. The bonds, issued on 15th June 2016, have been allocated to fund a number of eligible projects as part of the Swedish …

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S&P Global Ratings reports the U.K’s less efficient water utilities are at-risk from Ofwat’s regulatory changes, covered by specialist press

A recently-published report by S&P Global Ratings claims that U.K.-based water utilities may face lower returns after 2020. This came after elements of industry regulator Ofwat’s methodology for its upcoming Price Review emerged. To compensate for utilities’ lower takings, the regulator is proposing attractive performance-based financial incentives. While this increased scope for earnings from incentives …

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Natixis’ Madrid appointment reported in Expansión, Cinco Dias, and Reuters

Following Moorgate’s outreach, leading Spanish business and economics publication Expansión reported on Natixis’ appointment of Claudio Boada as Senior Adviser to the Madrid office. In their print edition, Expansión explains that Boada will help on the continuous expansion of Natixis’ portfolio of clients and assist with the bank’s growth and development plans in the region, alongside Carlos …

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