Tag: infrastructure finance

S&P Global Ratings’ Mar Beltran warns of the importance of low risk in construction for BRINK News

Following the collapse of Carillion, S&P Global Ratings’ senior director and lead for Infrastructure EMEA, Mar Beltran, has warned against the temptation for construction companies to slacken their risk management policies in an ever competitive market. In an article for BRINK News, Beltran explains that thinning margins have caused many construction companies to aggressively underbid for projects, forcing them …

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S&P Global Ratings’ Mar Beltran explains Carillion’s accounting malpractices

Before its eventual collapse, Carillion mislabelled its financial liability to banks as “owed to creditors” rather than “borrowing”. According to the UK parliamentary committee investigating its demise, this allowed the company to avoid negatively affecting its debt-to-equity ratio and to prolong its survival. In a recent statement, Mar Beltran, senior director and lead for Infrastructure …

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Writing for the Aldersgate Group’s insights platform, S&P Global Ratings’ Michael Wilkins considers green investment for infrastructure

To keep temperatures from rising 2˚C above pre-industrial levels, green infrastructure needs significant investment. Michael Wilkins, Head of Sustainable Finance for S&P Global Ratings, discusses where that money is going to come from – and considers both public and private sources. Read the full article here

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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