Tag: S&P Global Ratings

Latin American airports are flying high, says S&P’s Candela Macchi in InfraLatinAmerica

  Between 2006 and 2016, air traffic surged across Latin American nations; the average growth rate was triple the region’s GDP growth. This caused several airports in the region to reach maximum levels of capacity sooner than originally projected – and intensified calls for airport extension and upgrades. In an article for InfraLatinAmerica, S&P Global …

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The North American water sector is ready for a financing shakeup, writes S&P’s Trevor D’Olier-Lees for Water Canada

Financing improvements to North America’s water network is a gargantuan task—one that has ascended the public sector’s ability to handle alone. While the recent public health crisis in Flint, Michigan, cast a spotlight on water quality issues in the region, financing the upgrading and maintenance of aging systems remains a burden. Writing for Water Canada, S&P …

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Solvency II amendment is unlikely to ease insurer involvement in infrastructure investment, says S&P Global Ratings

According to S&P Global Ratings, updated capital rules for EU infrastructure investments are “unlikely” to have a meaningful impact on insurers’ capital allocations to the asset class. A delegated regulation (introduced in June 2017) reduces the risk calibration for qualifying infrastructure corporates by 25% compared to the standard formula. But Mar Beltran, S&P Global Ratings’ …

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A larger pipeline of projects is needed for EFSI 2.0 to fulfil its objectives, says S&P’s Mar Beltran in Partnerships Bulletin

The European Investment Bank (EIB) is currently preparing for the second round of its investment programme, the European Fund for Strategic Investments (known as EFSI 2.0). Building upon progress made in its first round, EFSI 2.0 introduces a number of operational improvements to ease investments into European infrastructure programmes. Speaking to Partnerships Bulletin, Mar Beltran, …

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Green bonds see blue: S&P’s Ted Chapman writes for Water Canada

In 2016, the number of green bond issuances doubled to US$83 billion — boosted by China’s US$36 billion of new issuances, and raising the total outstanding green bond debt to approximately US$200 billion. With issuance in 2017 on track to exceed expectations, the green marketplace is increasingly seeing bonds that are issued to fund water-related …

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S&P talks to Handelsbanken about the connection between credit and ESG risk

Talking to Handelsbanken, Marcus Nystedt, Director, explains how he is increasingly aware of the growing attention to, and materiality of, environmental and climate risk for the creditworthiness of corporates and financial services. Moreover, having released a new Green Evaluation tool in the spring of 2017, Nystedt discusses its aggregate scoring mechanism and S&P’s increasing presence …

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Easing infrastructure finance flows: S&P Global Ratings’ Trevor D’Olier-Lees and Mar Beltran write for BRINK NEWS

There’s no denying that underinvestment in infrastructure can have deleterious effects upon a country’s trade and economic competitiveness. But, equally, the challenges of financing capital-intensive infrastructure projects from public funds – and without compromising fiscal targets – are only heightening. The question, therefore, is: What tools are available that can ease financing for urgently-required infrastructure …

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S&P Global Ratings’ Luisina Berberian is interviewed by Energetica India on why offshore wind projects are taking off globally

S&P Global Ratings’ Luisina Berberian is interviewed by Energetica India on why offshore wind projects are taking off globally Offshore wind projects are taking off as technology improves and costs fall. For example, in the UK, where offshore wind power generation is highly advanced, the cost of energy from offshore wind has fallen by 32% …

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S&P Global Ratings appoints Mar Beltran as senior director for infrastructure practice

S&P Global Ratings has appointed Mar Beltran as Senior Director, Infrastructure Sector Lead, Infrastructure Ratings. Beltran, who will be based in Madrid, joins from Australia-based Global Infrastructure Hub where, on behalf of the G20, she led policy work to identify priority reforms in infrastructure markets. As a senior director, Beltran advised governments of both developed …

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U.S.’ withdrawal from Paris Agreement is not the death knell for clean energy initiatives, says S&P Global Ratings at CEPEC event

At a recent CEPEC event, S&P Global Ratings, Sund Energy and Chatham House agreed that multilateral climate and environmental initiatives, as well as U.S. state-level clean energy drives, will likely continue regardless of the U.S.’ Paris Agreement withdrawal. S&P Global Ratings’ Michael Wilkins, Head of Environmental & Climate Risk Research, stated: “The withdrawal from Paris, …

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