Tag: credit ratings

S&P Global Ratings’ Mark Button considers how environmental risk impacts insurer credit ratings in YouTalk Insurance

In the wake of severe weather events – for example, 2017’s particularly destructive Atlantic hurricane season – climate-related risk is rising on the global agenda. In light of this, lenders and institutional investors are increasingly interested in how S&P Global Ratings incorporates environmental, social and governance (ESG) risks and opportunities into its insurer credit ratings …

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S&P Global Ratings’ Michael Wilkins discusses the effects of enhanced disclosure of climate risks and opportunities for Investment Europe 

As evidenced by natural catastrophes – such as earthquakes, storms and floods – environmental and climate risk is non-diversifiable and systemic. With this in mind, the integration of environmental and climate (E&C) concerns into corporate credit ratings is of rising importance to investors, lenders and insurers. But market participants still require comparable and consistent climate-related …

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The “Big Six” set to weather the storm: S&P writes for Energy Voice about the impact of future energy tariff caps

During her speech to the Conservative Party conference on October 4th, Prime Minister Theresa May announced plans to cap standard variable tariffs (SVT) to boost energy competition in the UK. Beatrice de Taisne, director for EMEA Utilities at S&P Global Ratings, explains that while the “Big Six” – Centrica (British Gas), SSE, EDF, Scottish Power, …

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SRI Connect interviews Michael Wilkins on S&P Global Ratings’ sustainability engagements

Michael Wilkins, Managing Director, Environmental & Climate Risk Research, speaks to SRI Connect about the likely future trends in sustainable finance, including the rating agency’s sustainability engagement and increased focus ESG factors. “There is growing momentum in the fight against climate change on all levels and across the world”, he says, “demonstrated by China’s notable …

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S&P talks to Handelsbanken about the connection between credit and ESG risk

Talking to Handelsbanken, Marcus Nystedt, Director, explains how he is increasingly aware of the growing attention to, and materiality of, environmental and climate risk for the creditworthiness of corporates and financial services. Moreover, having released a new Green Evaluation tool in the spring of 2017, Nystedt discusses its aggregate scoring mechanism and S&P’s increasing presence …

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S&P Global Ratings releases 2017’s first quarterly Infrastructure Finance Outlook newsletter

The new edition of IFR Outlook brings together the major commentaries, ratings updates and news in the global infrastructure sector over the first three months of 2017. Making the front page is an in-depth feature on the credit implications of “bundling” of project finance assets. Senior director Trevor D’Olier-Lees argues that aggregating assets can “unlock …

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S&P rating on MidAmerican Energy Co.’s first green bonds is covered by specialist press

S&P Global Ratings has assigned its ‘A+’ issue rating and ‘1+’ recovery rating to MidAmerican Energy Co.’s (MEC) – a subsidiary of Warren’s Buffett’s Berkshire Hathaway – first “eligible green” bonds. MEC’s first mortgage bond issues, worth $375 million (due 2027) and $475 million (due 2047) respectively, will replenish the utility’s general funds that were …

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S&P Global Ratings analyses the near and long-term effects of the CORSIA agreement

The landmark Carbon Offset and Reduction Scheme for International Aviation (CORSIA) agreement, recently announced by the International Civil Aviation Organization (IACO), intends to reduce aviation-related carbon emissions beyond 2020. The agreement intends to shrink the aviation industry’s carbon dioxide emissions through a combination of technological advances, operational improvements (such as air traffic control) and the …

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S&P Global explain EDF’s downgrade in Energy Voice

Shortly after its announcement of the new £18 billion nuclear build in the UK, Hinkley Point C, French-based company Électricité de France (EDF) was downgraded from ‘A’ to ‘A-’. S&P’s Director of Utilities, Pierre Georges, elaborates on the downgrade in an article for Energy Voice. In the article, Georges notes that falling energy prices in …

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S&P Global asks: Can UK project finance endure Brexit’s economic woes?

A new report released by S&P Global Ratings outlines the potential effects of Brexit on financing the UK’s infrastructure projects. The report, ‘Brexit Woes Are Unlikely To Hamper Stability Of UK Project Finance Ratings’, suggests that S&P’s portfolio of over 50 rated transactions and private finance initiative (PFI) projects should remain resilient in the face …

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