Tag: Carillion

PFI not to blame for Carillion’s collapse, says S&P Global Ratings

Carillion’s compulsory liquidation has not only disrupted the U.K.’s construction market; it has dredged public debate about the efficacy of the U.K.’s private finance initiatives (PFIs). S&P Global Ratings’ research paper on Carillion’s collapse argues that the PFI scheme itself should not be held accountable for Carillion’s demise. The rating agency instead offers an alternative …

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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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IJGlobal and InfraNews cover Standard & Poor’s new rating on UK schools building programme

Recently, the Priority Schools Midlands batch – a UK schools building programme sponsored by construction company Carillion and fund manager Equitix – reached financial close, receiving a combined equity investment close to £13.2 million. The debt was rated BBB- with a ‘stable’ outlook by Standard & Poor’s, due to expectations that construction will be completed …

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