Tag Archive: S&P Global

S&P Global Ratings releases its Green Evaluation product

On April 26, S&P Global Ratings released its highly anticipated Green Evaluation product – an asset-level environmental credential which builds upon today’s existing frameworks of governance and transparency (e.g. the Green Bond Principles). Although green bond issuance doubled to US$82.6 billion from 2015 levels, the market remains relatively small, representing only 1.4% of a $90 …

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S&P Global Ratings’ Michael Wilkins tells Partnerships Bulletin that standardisation is crucial with the emergence of new green financing instruments

In 2016, green bond issuance doubled to US$82.6 billion from 2015 levels, and this year, S&P Global Ratings expects that the green bond market will reach the milestone of over US$100 billion of issuance worldwide in a single year. However, investment of some US$90 trillion is needed over the next 15 years to achieve global …

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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 explains rising oil prices in Petroleum Review

2016 was especially tough for the world’s major oil producers in the Gulf Cooperation Council (GCC). Due to a major loss in oil revenues, national deficits are expected to average at about 10% of GDP, and governments have made rigorous efforts to scale back spending. In an article for Petroleum Review, S&P Global Ratings’ Associate …

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S&P’s EDF downgrade reaches press following Hinkley approval

Following the UK government’s approval of a new nuclear build in Somerset, Hinkley Point C, S&P Global Ratings has downgraded French energy company, Électricité de France’s (EDF) credit rating from ‘A’ to ‘A-’. The cut considers the £18 billion nuclear project “complex” with high investments adding to the utility company’s already weak cash flow. The …

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S&P Global explain EDF’s downgrade in Energy Voice

Shortly after its announcement of the new £18 billion nuclear build in the UK, Hinkley Point C, French-based company Électricité de France (EDF) was downgraded from ‘A’ to ‘A-’. S&P’s Director of Utilities, Pierre Georges, elaborates on the downgrade in an article for Energy Voice. In the article, Georges notes that falling energy prices in …

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Be prepared; S&P’s Michael Wilkins spoke to Global Capital about why environmental factors are quick becoming essential considerations for investors

In an interview  for specialist financial magazine Global Capital, Michael Wilkins, head of environmental and climate risk research at S&P Global Ratings, explains that – in response to investor demand – S&P has proposed two new assessment tools for evaluating the environmental impact of a bond issued or a future project. In the interview, Wilkins …

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S&P’s Karim Nassif writes about the comeback of Sukuk financing in The Financial

First issued by the Malaysian government in 2000, sukuk – or Islamic bonds – are financing tools that do not breach sharia law. These bonds have since become an important part of corporate and infrastructure financing in the Gulf Cooperation Council (GCC)  and Malaysia, with issuance totalling US $6.5 million by 2014 in these regions. …

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S&P’s Michael Ferguson discusses implications of retiring nuclear assets in FTSE Global Markets

Following a number of nuclear asset closures throughout Midwestern and Northeastern US over the past few years, Director of US Energy Infrastructure at S&P Global Ratings, Michael Ferguson, warns of the implications that could follow continued low nuclear demand in FTSE Global Markets. Traditionally reliant on high profit margins necessary to meet high fixed costs, …

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The implications of Brexit: S&P Global Ratings participates in IFPA panel, as covered by the specialist press

Hosted by PwC, the IPFA’s most recent Infrastructure Update gathered a panel of experts from S&P Global, Meridiam, Clifford Chance and Deutsche Bank to discuss the impact of the UK’s vote to leave the EU on UK infrastructure development. The consensus across the panel was Brexit may well destabilise funding arrangements for major infrastructure projects, …

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