Fitch: 2015 Stable Outlook for Global Infrastructure and Project Finance
29 January 2015 - 8:59AM
Business Wire
Despite the slow growth trend in Latin America, macroeconomic
demand drivers for global transportation infrastructure supports
the 2015 stable outlook, according to a new Fitch Ratings
report.
"Between expected growth in the U.S. and observed stabilization
of transportation networks performance in Europe, the Rating
Outlooks for most sectors remain stable," said Olivier Delfour,
Head of Fitch's Global Infrastructure and Project Finance Group.
"Sensitivity to oil prices is limited in the energy portfolio due
to either low breakeven prices or the contracted nature of
revenues."
Renewable and thermal generation assets benefit from contractual
frameworks that provide stable revenues regardless of energy price
fluctuations. The European renewable energy sector continues to be
negative on government regulation and policy shifts.
U.S. sports, including facilities and franchises, continue to
show solid stability driven by a strong percentage of contractually
obligated revenue, long-term collective bargaining agreements and
generally stable attendance and viewership.
Fitch expects underlying operating performance of UK Whole
Business Securitizations transactions will largely stabilize in
2015.
For more information, a special report titled '2015 Global
Infrastructure & Project Finance Outlooks' is available on the
Fitch Ratings web site at www.fitchratings.com.
Additional information is available at
'www.fitchratings.com'.
Applicable Criteria and Related Research: 2015 Global
Infrastructure & Project Finance Outlooks
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=855488
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Fitch Ratings, New YorkMedia RelationsElizabeth Fogerty,
+1-212-908-0526elizabeth.fogerty@fitchratings.comorManaging
DirectorOlivier Delfour, +33 1 44 29 91 21orFitch France S.A.S.60
rue de Monceau75008 ParisorManaging DirectorCherian George
(Americas), +1 212-908-0519orManaging DirectorDan Robertson (EMEA),
+44 20 3530 1312