Tag Archive: Infrastructure

S&P Global Ratings tells the specialist press that EFSI needs more investment – but certain challenges must be addressed

The Investment Plan for Europe (IPE), or the Juncker Plan, was conceived in 2014 by European Commission (EC) President Jean-Claude Juncker to boost job creation and growth, meet the long-term needs of the economy, increase competitiveness, and help strengthen infrastructure. To bolster the IPE, the European Fund for Strategic Investments (EFSI) was also launched to …

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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 Global Ratings’ wrapped project finance issue at the University of Essex is covered by the specialist press

S&P Global Ratings has assigned an ‘A’ Standard & Poor’s underlying rating (SPUR) with a stable outlook to a £98.2 million debt issuance by ULiving@Essex Ltd. (ProjectCo), the entity created to build and manage student accommodation at the University of Essex. S&P Global’s SPUR rating reflects the accommodation’s lack of construction risk and high occupancy …

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S&P Global Ratings’ Michael Wilkins explains why greater standardisation will allow green bonds to flourish in an article for RICS Property Journal

In light of intensifying environmental and financial pressures, a growing number of corporates are seeking economically sustainable properties that can reduce energy costs as well as fulfil corporate social responsibility commitments. With this in mind, the issuance of green bonds – debt instruments whose proceeds are used to fund environmentally sustainable projects – have been …

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S&P’s Mike Wilkins tells InfraNews that green infrastructure financing can evolve – despite Trump

The last five years has seen significant growth in climate-related infrastructure financing, but the election of Donald Trump raises new questions to that expansion. In the first of a new series of articles for InfraNews, S&P Global Ratings’ Head of Environmental and Climate Risk Research, Michael Wilkins, explains how, despite obstacles, environmentally-friendly infrastructure investment can …

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Increased infrastructure spending and market uncertainty could bolster project finance debt, says S&P Global Ratings

As of June 2016, S&P Global Ratings had rated $159.7 billion of global project finance debt. The majority of the debt is for projects in the U.S. (46%) and Europe (23%), with two thirds rated at investment grade (BBB- and higher). A recent study, published by the S&P Global Fixed Income Research Group, finds that …

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S&P Global Ratings assigns High Speed Rail’s £314 million debt issue ‘A-’

U.K.-based entity High Speed Rail Finance PLC (HSRF) has issued £314 million of senior secured rated debt. S&P Global Ratings has given a long-term ‘A-’ rating and stable outlook to HSRF’s issue, due to the project’s strong stand-alone credit profile. In addition to a lack of construction risk, S&P argues that the project benefits from …

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Trump, energy and the environment – S&P Global Ratings releases the December issue of IFR Outlook

S&P has released the December edition of IFR Outlook, the newsletter of key infrastructure and project finance-related research and rating news. In the front-page feature, Michael Wilkins, head of environmental and climate risk research, assesses global trends in climate finance. Looking back at the year since the Paris Agreement, he explains that continued development of the …

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S&P’s Mike Wilkins details updated Green Bond Evaluation in interview with Responsible Investor

Following a climate finance panel discussion at COP22 in Marrakesh, Mike Wilkins, S&P Global Ratings’ Head of Environmental and Climate Risk Research, tells Sophie Robinson-Tillett of Responsible Investor that S&P’s ‘Green Bond Evaluation’ is expected to launch in the first quarter of 2017. “We’ve been providing credit ratings on green bonds for a number of …

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S&P Global Ratings’ Michael Wilkins tells Environmental Finance that the Green Bond Evaluation will be released in ‘early 2017’

After S&P Global Ratings released a proposal for assessing green bonds in September 2016, Michael Wilkins, Head of Environmental and Climate Risk Research, tells Environmental Finance that the new and improved Green Bond Evaluation will be released in the first quarter of 2017. The evaluation tool is now the product of an extensive consultation period, …

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