Tag Archive: S&P

S&P writes for FTSE Global Markets on why the transition to a greener global economy hinges on strong financial incentives

Writing for FTSE Global Markets, Michael Wilkins, Head of Global Environmental & Climate Research at Standard & Poor’s, points out that while the United Nations’ COP21 conference held in December committed world leaders to do more in the battle against climate change, ultimately it will be up to the private sector to deliver the bulk …

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S&P writes for PFI on why the US can learn much from Europe’s experience in offshore wind

Writing for Project Finance International (PFI), Michael Ferguson, Director and wind power specialist at Standard & Poor’s, argues that although boasting a mature onshore wind industry, the U.S. lags far behind Europe when it comes to generating wind power at sea, only seeing development of its first offshore wind farm in 2015 – around two decades …

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Berlin Summit 2016; S&P’s Mike Wilkins talks renewables and real estate in event video

At this week’s Berlin Summit 2016, hosted by Infrastructure Investor, Mike Wilkins, Managing Director, Infrastructure Finance Ratings at Standard & Poor’s, joined a panel of industry experts to discuss the current market conditions for project financing, the outlook for the sector in 2016, and what we can expect to see from S&P in terms of …

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Power, politics and projects are the focus of S&P’s March issue of Infrastructure Outlook

In the March edition of Infrastructure Outlook – Standard & Poor’s monthly newsletter rounding up all the key rating actions and research relevant to infrastructure and project finance – Karim Nassif, an S&P associate director based in Dubai, explains that the Gulf Corporation Council is having to re-think its approach to developing the region’s infrastructure. …

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S&P’s Middle East expert writes for Energy Voice on why low oil prices are shifting project finance strategies in the Gulf

Writing for specialist energy publication, Energy Voice, Karim Nassif, Dubai-based Associate Director at Standard & Poor’s, explains that governments in the Gulf Corporation Council are waking up to the impact of continued low oil prices. In particular, they are finding they are no longer able to meet the funding demands for key infrastructure projects. Nassif …

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A new dawn, a new day? S&P explains the implications of The Paris Agreement

Last December’s climate change conference in Paris (COP21) saw governments from 195 countries approve a global climate deal – also known as The Paris Agreement – which sets out a series of unprecedented financial, technical, and legal principles that will govern greenhouse gas emission reduction efforts. Of course, critics argue the efforts may not go far …

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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 …

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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 …

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S&P discusses the future of climate change ahead of COP21

As the world looks to the UN Climate Change Conference in Paris – COP21 – the future of a low-carbon global economy is high on the agenda. Governments will seek strategies to limit the rise of global temperatures – with a maximum of 2 degrees Celsius being the target. But making the jump to a …

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S&P’s first rating of an offshore wind farm covered by the specialist press

The energy market’s transition from fossil-fuel dependency to a cleaner, greener system has been gaining significant momentum over the past five years. In particular, offshore wind has gone from strength to strength. As such, Standard & Poor’s Ratings Services assigned their first ever preliminary credit rating of ‘BBB-’ to offshore wind project WindMW. Commonly known …

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