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ARCHIVE | Criteria | Corporates | Request for Comment: Request For Comment: Project Finance Construction And Operations Counterparty Methodology Aug 11
Standard & Poors, Aug 2011
Abstract
Standard & Poor's Ratings Services is requesting comments on proposed changes to its methodology and assumptions for assessing counterparty risk associated with revenue, construction, equipment supply, operations and maintenance, and raw material supply agreements (construction and operations counterparties) relating to project finance globally. Contract counterparty risk is one of the key factors considered when analyzing and assigning ratings to project finance securities. The reliance on third parties to make payments or perform under a wide range of agreements such as revenue, construction, equipment supply, operations and maintenance, or raw material supply, is a common feature in project finance issues. The proposed criteria will improve the transparency of how we assess construction and operations counterparty risk for project finance. The proposed...
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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