• On 21 May 2013, Moody’s announced rating actions on MBIA Insurance Corp., National Public Finance Guarantee Corp., MBIA Inc. and other related entities. Because of the large number of credits across several asset classes affected by these rating actions, including Moody's-rated securities that are guaranteed or "wrapped" by these companies, ratings appearing on this website may not yet reflect current information. For current information on affected credits, please visit www.moodys.com/fig.
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Infrastructure & Project Finance

Moody's Global Infrastructure Finance Group combines the expertise of a global team of analysts with extensive backgrounds in Public Finance, Corporate Finance, and Structured Finance to rate debt issued by both public and private infrastructure and project finance issuers and electric, gas and water utilities. This includes project finance entities that are limited to a special purpose by law, regulation, or contracts; infrastructure projects and enterprises financed in the U.S. tax-exempt market; and all corporate infrastructure and utility companies. Our approach allows market participants to benefit from a globally consistent and transparent methodological approach to assessing credit risk across the entire asset class.

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  DateDocument TypeTitleIssuer/Entity
22 Apr 2013 Special Comment Spanish Utilities: Further Regulatory Reform Likely Despite Measures to Eliminate Tariff Deficit Endesa S.A.
ENEL S.p.A.
Energias de Por...
Gas Natural Fen...
Hidroelectrica ...
Iberdrola S.A.
Red Electrica C...
10 Jan 2013 Sector Comment Spain's high tariff deficit in 2012 is credit negative for Spain's electricity sector and tariff deficit securitisations Endesa S.A.
ENEL S.p.A.
Energias de Por...
Gas Natural SDG...
Hidroelectrica ...
Iberdrola S.A.
Iberdrola USA
24 Sep 2012 Sector Comment Fiscal Reforms Are Credit Negative for Spain's Electricity Companies Abengoa S.A.
Endesa S.A.
ENEL S.p.A.
Energias de Por...
Gas Natural SDG...
Hidroelectrica ...
Iberdrola S.A.
09 Aug 2012 Sector Comment Traffic Declines Are Credit Negative for European Toll Roads Atlantia S.P.A.
Autoroutes du S...
Brisa Concessao...
Caisse National...
SANEF S.A.
SIAS - Societa ...
Societe des Aut...
21 Jun 2012 Special Comment Key Drivers of Rating Actions on Firms with Global Capital Markets Operations Al Ahli Bank of...
Asset Funding C...
Associates Corp...
B of A Issuance...
BA Australia Li...
BAC AAH Capital...
BAC AAH Capital...
BAC AAH Capital...
BAC AAH Capital...
BAC AAH Capital...
...
18 Jun 2012 Special Comment European Telecommunications Service Providers: Moody's Credit Metrics Preview Higher Leverage as Accounting Continues to Evolve Deutsche Teleko...
France Telecom
Telecom Italia ...
Telefonica S.A.
Vodafone Group ...
29 Nov 2011 Industry Outlook European Telecommunications Service Providers: Weak Economic Outlook, Sovereign Debt Crisis to Weigh on Telecoms Companies' Revenue Growth Belgacom Societ...
Bite Finance In...
British Telecom...
BT Group Plc
Cable & Wireles...
Colt Group S.A.
Deutsche Teleko...
Elisa Corporati...
ERC Ireland Fin...
France Telecom
...
16 Nov 2011 Industry Outlook EMEA Electric and Gas Utilities: Industry Outlook 2011 A2A SpA
Abu Dhabi Natio...
Alliander N.V.
Amprion GmbH
Bord Gais Eirea...
Centrica plc
CEZ, a.s.
Compagnia Valdo...
DONG Energy A/S
DONG Naturgas A...
...
16 Nov 2011 Special Comment Large European Utility Borrowers: Will They Defend a Single-A Rating? E.ON SE
Electricite de ...
EnBW Energie Ba...
ENEL S.p.A.
Energias de Por...
Gas Natural SDG...
GDF SUEZ SA
Iberdrola S.A.
RWE AG
Vattenfall AB
29 Jul 2010 Special Comment Unregulated European Utilities: Investment & Political Risks Add to Mood of Caution Centrica plc
CEZ, a.s.
DONG Energy A/S
E.ON SE
Edison S.p.A.
Electricite de ...
EnBW Energie Ba...
EnBW Energie Ba...
Endesa S.A.
ENEL S.p.A.
...
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