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Public Private Partnerships (P3s) Rating Agencies

Orrick, Herrington & Sutcliffe LLP

South Africa’s Junk Status Downgrade

On 3 April, 2017, S&P Global led the way in downgrading South Africa’s Sovereign Credit Rating to non-investment-grade ‘Junk’ status. This following President Zuma’s purging of his Cabinet on 31 March, 2017, in which a total...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - House Committee on Financial Services Comments on OCC Fintech Charter - All 34 Republican members of the Financial Services Committee of the U.S. House of Representatives, including...more

Orrick - Finance 20/20

Rating Agency Developments

Orrick - Finance 20/20 on

On March 8, 2016, Fitch updated its global rating criteria for single- and multi-name credit-linked notes. On March 8, 2016, DBRS published its methodology for rating European covered bonds. On March 4, 2016, DBRS published...more

Nossaman LLP

S&P Says Infrastructure Costs Go Well Beyond the Initial Investment

Nossaman LLP on

In a number of recent conversations regarding using Public-Private Partnerships (P3s) to deliver large infrastructure projects under an availability payment structure, I’ve heard a lot of angst by public owners over the cost...more

Orrick - Finance 20/20

Rating Agency Developments

Orrick - Finance 20/20 on

On September 15, DBRS released its Rating Public-Private Partnership Methodology. On September 16, Fitch released its New Closed-End Fund and Market Value-Structure Criteria....more

Orrick - Finance 20/20

Rating Agency Developments

Orrick - Finance 20/20 on

On March 9, Moody’s released its updated methodology for rating privately-financed public infrastructure (PFI/PPP/P3) projects. On March 9, Fitch released its updated criteria for rating single- and multi-name credit-linked...more

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