S&P Ready For A Full P3 Pipeline

Standard & Poors is putting a full-court press on bond ratings for P3s as part of its comprehensive update of project finance criteria, details of which were revealed to bankers and investors this month.

S&P has rated senior debt and federal TIFIA loans for four major P3 projects in the past 18 months, and two others, East End Bridge and Puerto Rico’s PR 22/5 toll roads, that did not secure a TIFIA credit. That’s more than in all previous years combined, says managing director, Steven J. Dryer.


About Bill Reinhardt

Editor of Public Works Financing newsletter
This entry was posted in Take Back Infrastructure. Bookmark the permalink.