Tag: Green Evaluation

S&P Global Ratings’ Modern Land (China) Green Evaluation covered by Responsible Investor

Modern Land (China) Co. Ltd.’s US$350 million of green bonds – to finance environmentally certified buildings in China – have received an S&P Global Ratings Green Evaluation score of E1/84. The high Mitigation score of 92/100 is because of the high level of expected avoided carbon emissions compared with the baseline scenario – due to …

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S&P Global Ratings’ BIF II Holtwood Green Evaluation covered by the specialist press

US$350 million senior secured notes, issued in February 2018, by BIF III Holtwood LLC, have received an S&P Global Ratings Green Evaluation score of E1/90. The score of E1/90 reflects an excellent Mitigation score (95/100), which is supported by a focus on renewable energy generation contributing to systemic decarbonisation and that these projects are located …

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Newly formed S&P Global Ratings Sustainable Finance Team hosts media reception

On 17 April 2018, S&P Global Ratings marked the launch of its Sustainable Finance team. At a reception in central London, the team, which includes members from North America, hosted specialist and tier one agencies. The Sustainable Finance Team is a cross-practice, dedicated team of S&P Global Ratings analysts who cover environmental, social and governance …

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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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Ence Energia S.L.U.’s €220 million debt for biomass power generation receives S&P Global Ratings Green Evaluation score of E1/79, covered by the specialist press

Ence Energía S.L.U, the renewable energy division of prominent Spanish biomass energy producer Ence Energía y Celulosa S.A., is seeking to restructure its debt through a €220 million facility to further its biomass power generation business. The green loan received an S&P Global Ratings Green Evaluation overall score of E1/79, reflecting that biomass’ potential to  play …

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S&P Global Ratings completes its first UK Green Evaluation for Bazalgette Finance’s £10 billion issuance, covered by the specialist press

Bazalgette Tunnel Ltd issued a £10 billion, multicurrency bond program in June 2016. The proceeds will be used to finance the design, construction, commission and maintenance of the Thames Tideway Tunnel (TTT) and have received an S&P Global Ratings Green Evaluation score of E1/95. The TTT project aims to ensure the UK’s compliance with the …

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S&P Global Ratings’ Michael Wilkins calls for greater disclosure of green bond issuances in Environmental Finance

Speaking to Environmental Finance, S&P Global Ratings’ Michael Wilkins, Managing Director, Environmental & Climate Risk Research, appeals for greater attention to effective disclosure of green bond issuances to ensure that their environmental objectives are met. A report by S&P Global Ratings has found that a lack of transparency and governance measures is significantly affecting the …

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S&P Global Ratings’ first South American Green Evaluation scores E1/85, covered by the Spanish-speaking press.

S&P Global Ratings assigned its first Green Evaluation in South America to the municipal bonds issued by the Province of La Rioja, Argentina, totalling US$170 million. The green-labelled bonds will be used to partly finance the development of the onshore wind farm, Parque Arauco – which will see its current 50.4 megawatts (MW) capacity increased …

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S&P explains why “green finance is more than just green bonds” in Environmental Finance

In order for a bond to be included on the green bond indices, it must be labelled “green” by the issuer, at the point of issuance. However, not all bonds that contribute to climate change mitigation are labelled “green” and not all green financings are bonds. Nicole Martin, Managing Director, Green Evaluations, S&P Global Ratings, …

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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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