Tag: PFI

Actions taken by S&P Global Ratings following Carillion collapse covered by InfraNews

Following the collapse of U.K.-based construction and facilities management firm Carillion, S&P Global Ratings announced that the ratings and outlooks on the debt issued by five U.K-based and three Canada-based entities remain unchanged. For these projects Carillion had acted as a counterparty, though S&P Global Ratings states that their ratings are neither linked to nor constrained …

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S&P writes for PFI on why the US can learn much from Europe’s experience in offshore wind

Writing for Project Finance International (PFI), Michael Ferguson, Director and wind power specialist at Standard & Poor’s, argues that although boasting a mature onshore wind industry, the U.S. lags far behind Europe when it comes to generating wind power at sea, only seeing development of its first offshore wind farm in 2015 – around two decades …

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S&P’s Mike Wilkins explains the downgrade of a high profile UK PFI agreement

Standard & Poor’s recently downgraded its rating on the £680 million bonds – issued by RMPA Services PLC (ProjectCo) – used to finance the construction of the Colchester Garrison in southeast England, for the U.K. Ministry of Defence under a 35-year private finance initiative (PFI) concession agreement. Mike Wilkins, Managing Director of Infrastructure Finance at …

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