PPP Counterparty Risks in the Spotlight

The collapse of Carillion in January 2018 and Interserve's restructuring efforts highlight the importance of counterparty considerations in assessing construction risk of public-private partnerships (PPPs)

Why “Perverse Incentives” Are Hurting the Solar Market

Infrastructure analyst Cherian George looks at changes in the solar panel market. Growth in residential solar panel installations has sputtered in recent years and an eerie parallel from a decade ago — namely elements of the mortgage crisis — may be part of the reason.

Privatization Elusive, Costs Increasing for U.S. Airports

U.S. airports are pouring money into new projects with increasing size and scope, though a new Fitch Ratings report says that privatization of the sector as a whole remains limited.

Role of Grantors Pivotal for U.S. PPPs

U.S. public private partnerships (PPPs) are susceptible to a variety of challenges on their way to completion, with the role of the sponsoring state or local governments, commonly known as grantors, more important according to Fitch Ratings in a new PPP case study. 

EMEA Toll Roads – 2018 Peer Review

Listen to our latest on demand webinar, EMEA Toll Roads - 2018 Peer Review, available now, on demand. The presentation focuses on a review of Sovereign developments and M&A activity that drove the changes in EMEA toll roads’ ratings and outlooks in 2018 as well as touching on key differentiating factors that drive the ratings and explains the differences in Fitch Ratings’ EMEA toll roads peer group: traffic volatility, debt structure and leverage over the remaining concession life.

Global Renewables Performance Review (Solar Outperforms Wind on a Global Scale)

Fitch Ratings’ portfolio of wind and solar project finance ratings spans countries, regions and continents. Key rating drivers and credit metrics are applied consistently to assign and monitor ratings, despite geographic disparities.

Fitch Assigns Dudgeon Offshore Wind Limited's Notes 'A-' Final Rating, Stable Outlook

The rating reflects the favourable remuneration under the UK Contract for Difference (CfD) regime, sound operational arrangements, as well as the strong debt structure.

Experience Credit Outlooks 2019

Our annual Credit Outlooks are now available. We're producing reports, video, webinars, and commentary across all sectors and regions to give you in-depth insight into credit in 2019 and beyond.

View Credit Outlooks 2019 for Infrastructure

Government Proposal Leaves Mixed Picture of Mexico City Airport

If successful, the proposed tender and consent offer announced by Mexico City Airport Trust (MEXCAT) on Dec. 3, 2018 would alleviate some near-term risks as the tender would result in an immediate reduction in the outstanding debt by up to USD1.8 billion, while the consent would prevent bondholders from triggering an event of default and acceleration of the debt maturities.

Why Michigan’s Plan to Improve Its Infrastructure May Be the Pace Car for the Country

Michigan may be accomplishing something for its long-term development and economic competitiveness that this country has yet to do — meaningfully advance infrastructure.

Driverless Cars Leave Parking Assets at Risk

The advent of autonomous vehicles could negatively affect parking assets over time. With autonomous vehicles likely to operate through ride-sharing and accessing cheaper parking locations, revenues will be adversely affected for not just standalone parking facilities in urban areas, but for those housed in airports and universities.

Protectionism Cuts EMEA Transport Infrastructure Visibility

Global trade tensions and Brexit uncertainty risks make the performance of the EMEA transport infrastructure sector less predictable. We expect slower volume growth across airports, ports and toll roads.