ARC Ratings’ Project Finance Criteria defines the framework to assess the credit risk during the full cycle of a project finance transaction. The analysis of the two phases (construction and operational) is complemented with a counterparty risk assessment and a structure analysis of each transaction. The counterparty risk assessment considers the potential disruptions arising from the different participants in the transaction and their replaceability, among other factors. The structure analysis assesses the strength of the transaction covenants, the degree of de-linkage of the issuer to its parent entities and whether these could have an influence in the final rating of the transaction.
Summary
Documents
Project Finance Rating Criteria
30 Nov 2022
Contacts
Analytical

- Lisa Macedo
- Head of Methodologies
- lisa.macedo@arcratings.com

- Ashley Thomas
- Co-Head of Structured Finance (UK)
- ashley.thomas@arcratings.com

- Stefan Augustin
- Co-Head of Structured Finance (EU)
- stefan.augustin@arcratings.com
Business development

- Jason Barrass
- Chief Commercial Officer
- +44 7795 003920
- jason.barrass@arcratings.com

- Rhonda Moore
- Business Development Director
- +44 7553 694520
- rhonda.moore@arcratings.com