The Australian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: October 2011
- Region: Australia
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 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 existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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Australia (Commonwealth of) (Unsolicited Ratings),Angel Trains Ltd.,Network Rail Infrastructure Finance PLC