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A Global Survey Of PPPs: New Legislation Sets Context For Growth Apr 05
Standard & Poors, April 2005
Abstract
Since public-private partnership (PPP) projects--including private finance initiative (PFIs)--were introduced in the U.K. in 1992, their number has risen steadily to about 700 to date. Despite this success, the spread of PPP projects outside the U.K. has so far been slower than many market participants had hoped. This slow progress in the past has often related to deficiencies in legal and institutional frameworks in various countries, and also to questions about whether value for money is being provided in the PPP format. But with many countries now initiating legislative changes and developing institutions to encourage PPP, can we now expect a surge in these transactions elsewhere in the world? The entry of new countries to the EU, fiscal constraints being...
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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