• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Credit Risks Signal Caution For Australian Rail PPPs Apr 05 Product Image

Credit Risks Signal Caution For Australian Rail PPPs Apr 05

  • Published: April 2005
  • Region: Australia
  • Standard & Poors

Abstract
The rail network performs a pivotal role in freight, tourist, and commuter transportation in Australia. Significant investment is required, however, to upgrade the existing rail network and rolling stock to modern standards across all states in Australia. Accordingly, the sector will increasingly look to the bank and capital markets for funding to develop the various projects. Despite construction and operational problems with rail projects in Australia and elsewhere, properly risk-structured, and appropriately financed projects can still achieve the solid investment-grade ratings that will assist in accessing funding. Indeed, there are already a number of precedents, particularly in the U.K., which demonstrate that projects can proceed even when construction, operational, and passenger volume risks appear insurmountable. The continuing demand for improvements...

Companies mentioned in this report are:
- Australia (Commonwealth of) (Unsolicited Ratings)
- Angel Trains Ltd.
- Network Rail Infrastructure Finance PLC

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance READ MORE >

- Australia (Commonwealth of) (Unsolicited Ratings)
- Angel Trains Ltd.
- Network Rail Infrastructure Finance PLC

Note: Product cover images may vary from those shown

RELATED PRODUCTS