Tag: S&P

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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