• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Industry Report Card: Global Project Finance Ratings Remained Stable In First Three Quarters Despite Credit Crunch Oct 07 Product Image

Industry Report Card: Global Project Finance Ratings Remained Stable In First Three Quarters Despite Credit Crunch Oct 07

  • Published: October 2007
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • 407 International Inc.
  • Blue Water Bridge Canada
  • DBCT Finance Pty Ltd.
  • International Power PLC
  • LoyVic Pty Ltd.
  • Orion Power Holdings Inc.
  • MORE

Abstract
The 2007 credit crunch had a definite effect on project financings coming to market. Deeply speculative rated projects had a tough time selling debt. Project finance bankers realized this early and were structuring the debt leverage of projects to attain ratings in the 'BB' category. This trend is continuing into the fourth quarter of 2007. However, the ratings on the project finance transactions that Standard & Poor's Ratings Services covers remained relatively stable for the first three quarters of 2007. As of August 2007, investment-grade entities accounted for about 67% of the entire rated project finance portfolio. About 80% have stable outlooks. The remaining projects in the portfolio consist of 16 ratings on CreditWatch negative, and one rating on Watch...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and READ MORE >

- Massachusetts Development Finance Agency
- Pennsylvania Econ Dev Fing Auth
- Confederated Tribes of the Warm Springs Reservation
- Central Valley Financing Authority
- Covanta Energy Corp.
- Philippines (Republic of the)
- Colowyo Coal Funding Corp.
- California Petroleum Transport Corp.
- Sacramento Cogeneration Authority
- Oleoducto Central, S.A. (OCENSA)
- Excel Paralubes Funding Corp.
- LS Power Funding Corp.
- Oresundsbro Konsortiet
- NRG Energy Inc.
- Petropower Energia Ltda.
- Kern River Funding Corp.
- Road Management Consolidated PLC
- Edison Mission Energy Funding Corp.
- Golden State Petroleum Transport Corp.
- Orange Cogen Funding Corp.
- Autolink Concessionaires (M6) PLC
- Windsor Petroleum Transport Corp.
- Express Pipeline System
- Express Pipeline Partnership
- New Brunswick (F-M) Project Co. Inc.
- LoyVic Pty Ltd.
- CE Generation LLC
- Homer City Funding LLC
- Alliance Pipeline L.P.
- Alliance Pipeline Limited Partnership
- 407 International Inc.
- Cordova Funding Corp.
- Tenaska Georgia Partners L.P.
- Red Oak Power LLC
- Iroquois Gas Transmission System L.P.
- Orion Power Holdings Inc.
- Tenaska Alabama Partners L.P.
- Integrated Accommodation Services PLC
- PPL Montana LLC
- Midwest Generation LLC
- International Power PLC
- Rowville Transmission Facility Pty Ltd.
- Oleoducto de Crudos Pesados
- FirstLight Hydro Generating Co.
- Transurban Finance Co. Pty Ltd.
- Broadcast Australia Finance Pty Ltd.
- Utility Contract Funding LLC
- Blue Water Bridge Canada
- Metropolitan Biosolids Management LLC
- Metronet Rail SSL Finance PLC
- The Coventry & Rugby Hospital Co. PLC
- Exchequer Partnership (No. 2) PLC
- Denver Convention Center Hotel Authority
- Green Country Energy LLC
- Societe Marseillaise du Tunnel Prado-Carenage S.A. (SMTPC)
- FPL Energy American Wind LLC
- Colver Power Project
- Itapebi Geracao de Energia S.A.
- Calpine Construction Finance Co. L.P.
- Octagon Healthcare Funding PLC
- Sociedad Concesionaria Costanera Norte S.A.
- Catalyst Healthcare (Romford) Financing PLC
- InterGen N.V.
- FPL Energy Wind Funding LLC
- CountyRoute (A130) PLC
- Sociedad Concesionaria Autopista Central S.A.
- DBCT Finance Pty Ltd.
- Tenaska Virginia Partners L.P.
- DTE Energy Center LLC
- Autovia del Camino S.A.
- Sociedad Concesionaria Vespucio Norte Express S.A.
- Autoroutes Paris-Rhin-Rhone S.A.
- Baesa - Energetica Barra Grande S.A.
- Lombard Pub Facs Corp.
- DBNGP Trust
- Kiowa Power Partners LLC
- Tenaska Oklahoma I L.P.
- Catalyst Healthcare (Manchester) Financing PLC
- Crockett Cogeneration, A California L.P.
- FPL Energy National Wind Portfolio LLC
- FPL Energy National Wind LLC
- Premier Transmission Financing PLC
- Healthcare Support (Newcastle) Finance PLC
- San Antonio Convention Center Hotel Finance Corp.
- Transform Schools (North Lanarkshire) Funding PLC
- Coffeyville Resources LLC
- Ruta del Maule Sociedad Concesionaria S.A.
- Ras Laffan Liquefied Natural Gas Co. Ltd. (3)
- Thermal North America Inc.
- Downtown Phoenix Hotel Corp.
- Central Nottinghamshire Hospitals PLC
- The Hospital Co. (QAH Portsmouth) Ltd.
- Sacramento Municipal Utility District Financing Authority
- NewHospitals (St. Helens and Knowsley) Finance PLC
- VeraSun Energy Corp.
- Alpha Schools (Highland) Project PLC
- Capital Hospitals (Issuer) PLC
- Services Support (Manchester) Ltd.
- Highway Management (City) Finance PLC
- Astoria Generating Co. Acquisitions LLC
- Windsor Financing LLC
- Consort Healthcare (Birmingham) Funding PLC
- Ajman Sewerage (Private) Co. Ltd.
- Aspire Defence Finance PLC
- Alte Liebe 1 Ltd.
- CRC Breeze Finance S.A.
- Darwin Cove Convention Centre Pty Ltd.
- MPC Funding Ltd.
- InspirED Education (South Lanarkshire) PLC
- Autoban - Concessionaria do Sistema Anhanguera Bandeirantes S.A.
- Yankee Stadium LLC
- DirectRoute (Limerick) Finance Ltd.
- Queens Ballpark Co. LLC
- The Hospital Co. (Swindon & Marlborough) Ltd.
- Abu Dhabi National Energy Co. PJSC
- Sabine Pass LNG L.P.
- Concessionaria Ecovias dos Imigrantes S.A.
- Nakilat Inc.
- Reliance Rail Finance Pty Ltd.
- Ostregion Investmentgesellschaft Nr. 1 S.A.
- Longview Power LLC
- Discovery Education PLC
- NSG Holdings LLC
- Breeze Finance S.A.
- Lea Power Partners LLC
- Mackinaw Power Holdings LLC
- Healthcare Support (North Staffs) Finance PLC
- Consort Healthcare (Mid Yorkshire) Funding PLC
- Peterborough (Progress Health) PLC
- Concessionaria de Rodovias do Oeste de Sao Paulo S.A.
- Channel Link Enterprises Finance PLC
- Sandy Creek Energy Associates L.P.
- Consort Healthcare (Salford) PLC
- Consort Healthcare (Tameside) PLC
- TPF II LC LLC
- Mackinaw Power LLC
- Salton Sea Funding Corp.
- Sacramento Power Authority
- Quezon Power (Philippines) Ltd. Co.
- Brooklyn Navy Yard Cogeneration Partners L.P.
- Proyectos de Energia
- Borger Energy Associates L.P./Borger Funding Corp.
- Harper Lake Solar Funding Corp.
- Maritimes & Northeast Pipeline LLC
- Maritimes & Northeast Pipeline L.P.
- AES Ironwood LLC
- Juniper Generation LLC
- Austin Convention Center Enterprises Inc.
- Ruta del Maipo Sociedad Concesionaria S.A.
- Elwood Energy LLC
- Autopista Veracruz Cardel
- Tenaska Alabama II Partners L.P.
- RMPA Services PLC
- Calpine Generating Co. LLC
- Carretera Viaducto La Venta-Punta Diamante
- Aventine Renewable Energy Holdings Inc.
- Autopista Monterrey-Cadereyta
- Veolia Energy Atlantic Station LLC
- Libramiento Plan del Rio
- Autopista Mexico-Toluca
- Express Pipeline LLC (USA)
- Baltimore Hotel Corp.
- Libramiento de Matehuala
- FMG Resources (August 2006) Pty Ltd.
- AEI

Note: Product cover images may vary from those shown

RELATED PRODUCTS