Tag Archive: S&P Global Ratings

S&P Global Ratings’ warning that Atlantia’s proposed Abertis takeover could cause a rating downgrade is covered by specialist press

  In June 2017, Italy-based infra holding company, Atlantia SpA, formally launched a €16.3 billion voluntary tender offer for all outstanding shares of Spain-based Abertis Infraestructuras S.A – a leader in toll road management. If approved, the deal will represent the largest foreign acquisition by an Italian company since 2007 and would create the world’s …

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S&P’s Luisina Berberian discusses the rise of offshore wind power projects in Energy Voice

Global investment in offshore wind projects is soaring – propelled by rising investment in renewables, lower market costs, greater climate change awareness worldwide, and developments in technology. With Europe still standing tall as the regional world leader in offshore wind power, other regions are fast recognising the benefits. While these regions try to emulate the …

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S&P Global Ratings’ BBB+ rating for Essex University accommodation bond issuance covered by specialist press

  S&P Global Ratings has assigned its ‘BBB+’ Standard and Poor’s underlying rating (SPUR) Rating to ULiving@Essex2’s £60.6 million secured bond issuance. The funds will finance the construction of a new halls of residence project at the University of Essex. In addition, S&P Global Ratings has issued its ‘AA’ long term rating to the issuance. …

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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.



S&P report warns that Argentina’s renewables plan requires a stronger regulatory framework to succeed

The Argentine energy sector faces a predicament. During peak seasons, the country’s inefficient electricity generators are unable to satisfy growing power demand – at best obliging the country to import electricity and at worst leaving some areas in the dark. In response, the Argentine government hopes to attract US$15 billion of investment (most likely from …

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Writing for FTSE Global Markets, S&P Global Ratings’ Michael Ferguson believes America’s nuclear sector is edging closer to meltdown

  Under pressure from low natural gas prices, the commercial viability of America’s unregulated nuclear power industry has weakened in recent years. In turn, discussions regarding the revival of ailing plants have turned to state subsidies. But can state assistance prevent the nuclear industry’s collapse? In an article for FTSE Global Markets, S&P Global Ratings’ …

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S&P Global Ratings’ Trevor D’Olier-Lees tells FTSE Global Markets that U.S. water utilities may be the major beneficiary of bundling

In 2014, the town of Flint, Michigan, was besieged by a state of emergency – as a result of lead-tainted pipes contaminating the water supply of its 100,000 residents. Embodying the challenges U.S. infrastructure projects face when seeking capital for upgrades, the Flint crisis could be followed by further catastrophes if critical utility repairs are …

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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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In a feature for P3 Bulletin, S&P Global Ratings’ Trevor D’Olier-Lees observes bundling’s rise to prominence in infrastructure finance

In light of stalling transaction flows in infrastructure financing, S&P Global Ratings believes the use of “bundling” (the aggregation of multiple projects into a single portfolio for sale to investors) in public-private partnerships is attracting considerable interest. In a feature for P3 Bulletin, S&P Global Ratings’ senior director, global infrastructure ratings, Trevor D’Olier-Lees, analyses why …

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S&P Global Ratings’ ‘AA’ rating on £268m UK hospital refinancing is covered by specialist press

S&P Global Ratings has assigned its ‘AA’ long-term issue rating to the £268m guaranteed senior secured debt refinancing of the oncology wing at St. James’s University Hospital, Leeds, UK. In addition, S&P issued a ‘BBB’ for the underlying project. The debt, which is structured into three tranches to appeal to investors of varying risk appetite, …

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