Tag: S&P Global Ratings

S&P Global Ratings publishes its latest edition of Infrastructure Finance Outlook magazine

S&P Global Ratings has published its latest edition of Infrastructure Finance Outlook – reviewing the most pressing developments from the global infrastructure sectors from the past quarter. Focusing on disruption, this quarter’s Infrastructure Finance Outlook provides global insights from S&P Global analysts on topics including: the outlook for U.S. utilities amid a sea of industry change; the opportunities …

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S&P Global Ratings’ Michael Wilkins discusses the effects of enhanced disclosure of climate risks and opportunities for Investment Europe 

As evidenced by natural catastrophes – such as earthquakes, storms and floods – environmental and climate risk is non-diversifiable and systemic. With this in mind, the integration of environmental and climate (E&C) concerns into corporate credit ratings is of rising importance to investors, lenders and insurers. But market participants still require comparable and consistent climate-related …

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In Utility Week, Luisina Berberian, S&P Global Ratings, discusses the changing risk environment of offshore wind power generation

Offshore wind is an increasingly viable renewable energy source. Growth has accelerated due to considerable cost reductions over the past five years – the mature U.K. industry, for example, has seen costs fall by 32%. And, as new offshore wind projects are installed, the risks associated with their construction and maintenance become clearer.   In …

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In The Financial, S&P Global Ratings’ Jessica Williams explains the impact of climate risk on credit ratings

In a recent report on the incorporation of environmental and climate (E&C) factors into global corporate credit ratings, S&P Global Ratings has noted two new trends: the growing numbers of positive rating actions in relation to E&C influences, and the increasing references to E&C factors in our analyses. Writing for The Financial, Jessica Williams, the …

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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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Ence Energia S.L.U.’s €220 million debt for biomass power generation receives S&P Global Ratings Green Evaluation score of E1/79, covered by the specialist press

Ence Energía S.L.U, the renewable energy division of prominent Spanish biomass energy producer Ence Energía y Celulosa S.A., is seeking to restructure its debt through a €220 million facility to further its biomass power generation business. The green loan received an S&P Global Ratings Green Evaluation overall score of E1/79, reflecting that biomass’ potential to  play …

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Michael Wilkins, S&P Global Ratings, discusses the transformation of the energy market and the increasing penetration of renewables for InfraNews

The global energy market is in flux. In the face of power supply gluts and low commodity prices – fossil fuel producers, integrated utilities and merchant generators have shifted their business strategies. What’s more, the growing presence of renewables is disrupting the grid’s status quo – with increasingly favourable regulatory policy and technological improvements aiding …

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Investing in Europe’s car parks could be a bumpy ride, warns S&P Global Ratings in City AM

Europe’s car park infrastructure is undergoing significant growth: in the past year, four of the largest operators have been put up for sale, while M&A activities are commanding high prices. Although the recent flurry of deals appears promising, S&P Global Ratings argues that the future could look far less favourable for car park assets. Notably, …

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S&P Global Ratings’ Rachel Goult on decreasing demand for university accommodation in IPE Real Assets

With quality of university facilities increasingly becoming a key consideration for prospective students and league tables alike, university accommodation holds promise as an asset class. Private investors are continuing to look to the traditionally resilient market for portfolio diversification but – as Rachel Goult, Director, Global Infrastructure Ratings, S&P Global Ratings, suggests – this could …

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Fighting climate change with green infrastructure; S&P’s Michael Wilkins writes for the World Bank Blog

According to NASA, 16 of the 17 warmest years on record have occurred since 2001. So – with climate change high on the global agenda – almost every nation signed the 2015 Paris Agreement, the primary goal of which is to limit carbon emissions and the rise in global temperatures to below 2°C above pre-industrial …

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