Tag Archive: project finance

America’s trillion-dollar challenge: S&P Global Ratings’ Trevor D’Olier-Lees writes for Infrastructure Intelligence

Infrastructure in the US needs trillions of dollars of investment for repairs and renewal. Pressure will only mount as disruptive technology increases in scope and the need to be environmentally sustainable rises up the agenda. In a feature for Infrastructure Intelligence, Trevor D’Olier-Lees, senior director at S&P Global Ratings, outlines the state of a selection of American …

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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.



In an article for Energy Voice, S&P Global Ratings’ Trevor D’Olier-Lees observes bundling has found a sweet spot in the renewables sector

The global demand for renewable energy sources is growing, in turn creating investment needs in the region of US$1 trillion a year. When confronted by such a huge sum, ensuring the bulk of smaller projects on the renewables financing spectrum do not get left behind is of primary concern. Thankfully, a solution that increases asset …

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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’ upgraded rating for Newcastle-Upon-Tyne hospital debt is covered in the specialist press

S&P Global Ratings has raised its rating from ‘BB-’ to ‘BB+’ on the senior-secured debt issued by Healthcare Support (Newcastle) Finance Plc. – the UK-based special purpose vehicle that is funding and designing two new facilities at the Newcastle-Upon-Tyne Hospitals NHS Foundation Trust. The debt, comprising a £115 million senior secured European Investment Bank loan …

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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 tells specialist press that Basel III may spark capital markets

Although project finance demand continues to increase in the face of rising global infrastructure needs and governments’ promises to boost investment, global project finance lending fell by 17% in 2016. In a new report, S&P Global Ratings explains how long-term project finance has become more expensive for traditional bank lenders due to Basel regulation and …

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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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Energy markets in the spotlight: S&P Global Ratings releases the latest edition of IFR Outlook

The latest edition of IFR Outlook – S&P’s monthly newsletter summarising key infrastructure and project finance-related research and rating news – suggests energy markets around the world are under tough scrutiny. In the front page feature, Pierre Georges, director of EMEA utilities, explains that in an environment of weak power prices, Europe’s nuclear fleets face …

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S&P Global asks: Can UK project finance endure Brexit’s economic woes?

A new report released by S&P Global Ratings outlines the potential effects of Brexit on financing the UK’s infrastructure projects. The report, ‘Brexit Woes Are Unlikely To Hamper Stability Of UK Project Finance Ratings’, suggests that S&P’s portfolio of over 50 rated transactions and private finance initiative (PFI) projects should remain resilient in the face …

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