|
|
 |
|
Viewing report
|
|
|
|
ARCHIVE | Criteria | Corporates | Project Finance: Global Water And Wastewater Project Criteria Oct 98
Standard & Poors, Oct 1998
Abstract
Standard & Poor's rating criteria for the water industry are applicable across a wide range of projects. The criteria also have been designed to cover different ownership structures, regulatory regimes, levels of government involvement, and macroeconomic operating environments. Water industry structures are evolving differently around the world, and Standard & Poor's rating criteria address the diversity of credit risks inherent within each structure. This comment provides a description of the rating methodology for non- or limited-recourse water and wastewater projects. It also touches upon other key issues pertinent to global project analysis (the 'pyramid'), such as institutional risk, sovereign risk, currency risk, and credit enhancement. The criteria include additional research and information gathered from project sponsors active in the field...
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.
|
|
|
|
