Tag Archive: project finance

S&P’s new rating of Belgium care home ProjectCo ‘Silverstone’ covered by IJGLobal

Standard and Poor’s new long-term issue rating of ‘BBB’ (stable) on a €186 million bond to finance the re-acquisition of 25 senior care homes in Belgium was picked up by project finance specialist publication IJGLobal. The bond, issued by Luxembourg-based special-purpose vehicle MRE-Silverstone-I S.A., pays a fixed coupon of 3.6% with an eleven-year maturity. The …

Continue reading »



S&P’s view on the impact of a potential rise in interest rates on project finance covered by the specialists

Investor appetite for project finance has been insatiable during the recent years of low interest rates. Yet a new report by Standard and Poor’s Ratings Services suggests that the recent US interest rate hike could mark the start of a new wave of refinancing in the project bond market. In the report, Michael Wilkins, Managing …

Continue reading »



S&P analysis of European nuclear power debt picked up by City AM and Energy Live News

Europe’s reliance on nuclear power has given it the largest fleet of plants in the word. Yet as countries – notably Germany – begin to phase out their nuclear portfolio, the financial impact is set to be significant. The considerable costs of decommissioning nuclear plants and dealing with the fuel waste will highlight the financing …

Continue reading »



Standard & Poor’s argues infrastructure is key to Italy’s economic progress in Financial Times Adviser

Infrastructure development is essential for Italy’s post-crisis recovery. In fact, Standard & Poor’s has shown that infrastructure spending creates a ‘multiplier effect’, driving short-term employment and productivity, and promoting long-term economic growth. But if Italy is to grasp the multiplier effect’s benefits, it must secure more investment. Writing for the Financial Times Adviser, S&P’s Stefania …

Continue reading »



S&P’s ratings on Spanish toll road operator and Russian railcar operator covered by InfraNews

Spanish toll road operator, Itinere Infraestructuras, recently launched a EUR 1.1bn refinancing for its motorway portfolio – with the plan to issue bonds of up to EUR 500 million, as well as a EUR 600 million loan, to refinance debt due in 2018. InfraNews covered the news, citing Standard and Poor’s preliminary ‘BB-’ rating with a …

Continue reading »



Standard & Poor’s rates Abengoa Solar’s EUR 285 million project bonds, reports InfraNews

As the Spanish solar energy company Abengoa Solar issued EUR 285 million of project bonds, InfraNews writes about the consequent ‘BBB’ credit rating with a stable outlook – a result of Abengoa Solar’s significant experience in operating concentrated solar power (CSP) projects. The bonds will be used to refinance two 50 Mega Watt CSP projects, Solaben …

Continue reading »



Gulf-based infrastructure companies are feeling the heat on the back of low oil prices – S&P writes for InfraNews

Low oil prices – having halved since last year – are causing repercussions for infrastructure development in the Gulf, says Standard & Poor’s Karim Nassif in his article for InfraNews. This is because infrastructure companies dependent on state revenues are witnessing a public funding deficit, he explains. And as cheap oil means liquid capital becomes …

Continue reading »



Standard and Poor’s in InfraNews: Italy must improve project pipeline transparency and planning to appeal to investors

According to a new Standard and Poor’s report, Italy needs to address its poor track-record of Public Private Partnership (PPPs) transactions in order to increase private investor interest in greenfield infrastructure. In particular, the lengthy authorisation procedures and lack of transparency during the procurement phase often proves unattractive to investors. In an attempt to tackle …

Continue reading »



Commerzbank’s Alexander Rost explores the role of banks in Bangladesh’s development for Trade and Forfaiting Review

Bangladesh’s economic story is remarkable. The country’s poverty rate has halved since 2000, and its development target of becoming a “middle-income economy” by 2021 has already been met. Bangladesh is therefore looking forward to a brighter future. But securing that future means Bangladesh needs better infrastructure to diversify exports, maintain trade, and ensure a stable …

Continue reading »



SFS CEO Roland Chalons-Browne features in Environmental Finance’s Quotes of the Quarter

Environmental Finance’s latest Quotes of the Quarter edition – presenting some of the defining quotes of the third quarter of 2015 – features Roland Chalons-Browne, CEO of Siemens Financial Services. He comments on the rise of lenders looking at offshore wind and the market’s appetite for well-structured projects. To read the Environmental Finance Quotes of the …

Continue reading »



Page 3 of 41234