Tag: infrastructure finance

Asia’s infrastructure projects are stepping up, writes S&P Global Ratings’ Abhishek Dangra in Brink Asia

The South and Southeast Asia region (SSEA) is embarking on many of the world’s most intensive infrastructure projects. The Asian Development Bank estimates that SSEA will spend a total of US$9.5 trillion on infrastructure between 2016 and 2030. Given this critical period of development, S&P Global Ratings’ director of Asia Pacific Corporate Ratings, Abhishek Dangra, …

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Writing for the CUSP Blog, S&P Global Ratings looks at green financing for mitigation and adaptation projects

Sustainable infrastructure is key to the low-carbon transition, argues Michael Wilkins, Head of Sustainable Finance at S&P Global Ratings in a blog contribution for the Centre for the Understanding of Sustainable Prosperity (CUSP). Infrastructure can both mitigate the effects of climate change and help protect communities from its effects. In both cases, this works to …

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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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S&P Global Ratings contributes to the FT Adviser’s Infrastructure Series

Mar Beltran, Senior Director, contributed to the FT Adviser’s special report entitled “How retail investors are getting into infrastructure”. The four-part series looks at how infrastructure stocks perform compared to other equity markets, the yield opportunities in infrastructure, the regions most likely to benefit from increased spending and whether investors should be positioned in domestic …

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Latin American airports are flying high, says S&P’s Candela Macchi in InfraLatinAmerica

  Between 2006 and 2016, air traffic surged across Latin American nations; the average growth rate was triple the region’s GDP growth. This caused several airports in the region to reach maximum levels of capacity sooner than originally projected – and intensified calls for airport extension and upgrades. In an article for InfraLatinAmerica, S&P Global …

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A larger pipeline of projects is needed for EFSI 2.0 to fulfil its objectives, says S&P’s Mar Beltran in Partnerships Bulletin

The European Investment Bank (EIB) is currently preparing for the second round of its investment programme, the European Fund for Strategic Investments (known as EFSI 2.0). Building upon progress made in its first round, EFSI 2.0 introduces a number of operational improvements to ease investments into European infrastructure programmes. Speaking to Partnerships Bulletin, Mar Beltran, …

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S&P Global Ratings’ warning that Atlantia’s proposed Abertis takeover could cause a rating downgrade is covered by specialist press

  In June 2017, Italy-based infra holding company, Atlantia SpA, formally launched a €16.3 billion voluntary tender offer for all outstanding shares of Spain-based Abertis Infraestructuras S.A – a leader in toll road management. If approved, the deal will represent the largest foreign acquisition by an Italian company since 2007 and would create the world’s …

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S&P Global Ratings unveils a major new overview of the state of US infrastructure

S&P Global Ratings has released a major new report, “Developing US Infrastructure In An Era Of Emerging Challenges: Observations From Key Sectors”. The paper assesses the condition of selected American infrastructure sectors, outlines the specific challenges faced in each, and offers an overview of the methods available to finance them.

S&P Global Ratings’ ‘AA’ rating on £268m UK hospital refinancing is covered by specialist press

S&P Global Ratings has assigned its ‘AA’ long-term issue rating to the £268m guaranteed senior secured debt refinancing of the oncology wing at St. James’s University Hospital, Leeds, UK. In addition, S&P issued a ‘BBB’ for the underlying project. The debt, which is structured into three tranches to appeal to investors of varying risk appetite, …

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S&P’s Michael Ferguson shows that U.S. hydropower remains a promising asset in a feature for AlphaQ

Although hydropower’s future in America’s energy strategy is unclear following the election of President Trump, Michael Ferguson, director, US Energy Infrastructure, S&P Global Ratings, believes that U.S. hydro assets will remain resilient. In a guest commentary for AlphaQ’s February edition, Ferguson explains that, by leveraging hydropower facilities’ advantages – such as longevity, low variable cost …

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