• 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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KEY CONTACTS

Walter Winrow
Managing Director - Global Project and Infrastructure Finance
Walter.Winrow@moodys.com

William Coley
Group Credit Officer
William.Coley@moodys.com

Americas
William L. Hess
Managing Director - Utilities
William.Hess@moodys.com

Chee Mee Hu
Managing Director - Project Finance
CheeMee.Hu@moodys.com

EMEA
Monica Merli
Managing Director - Infrastructure Finance
Monica.Merli@moodys.com

Andrew Davison
Team Leader
Andrew.Davison@moodys.com

Asia-Pacific
Patrick Mispagel
Associate Managing Director - Project & Infrastructure Finance Group
Patrick.Mispagel@moodys.com

Richard Bittenbender
Associate Managing Director - Corporate Finance Group
Richard.Bittenbender
@moodys.com

Terry Fanous
Team Leader
Terry.Fanous@moodys.com

UPCOMING EVENTS

Infrastructure & Project Finance

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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.

Highlights

  • 9 May 2013
    • FERC likely to remain supportive of transmission investment
      The Federal Energy Regulatory Commission's (FERC) regulatory framework for electric transmission projects remains more favorable than the frameworks at the state level. We expect FERC will continue to make transmission projects attractive to investors despite some signals it will be lowering returns on equity (ROEs) amidst various legal challenges to current and historic levels of ROEs... Press Release l Full Report​​
    • US power project loans becoming covenant-lite
      US power project loans are sharing in the trend towards looser structural features and lender protections. As investors and lenders emphasize yield over risk, they appear willing to accept loosened covenants that are more akin in their flexibility to "covenant-lite" loans in corporate lending than traditional power project loans... Press Release l Full Report​​
  • 1 May 2013
    • Asian buyers, US energy producers, main winners from US LNG exports
      US energy companies will benefit from the US becoming an exporter of liquefied natural gas (LNG) over the next several years. Those who will gain the most, however, will be buyers in Japan and Korea, the world's largest LNG consumers, as their supply options widen and also include new supply from Australia… Press Release l Full Report
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  DateDocument TypeTitleIssuer/Entity
23 May 2013 Credit Opinion Moyle Interconnector (Financing) PLC Moyle Interconnector (Financing) PLC
23 May 2013 Sector Comment Freeport LNG Export Approval Is Credit Positive for US Energy Industry Northrop Grumman Systems Corporation
23 May 2013 Issuer Comment LNG Export Approval Is Credit Positive for US Exporters and the Japanese Supply Chain GDF SUEZ SA
Sempra Energy
22 May 2013 Credit Focus SP AusNet, SPI (Australia Assets) Pty Ltd and Jemena Limited: Frequently Asked Questions Jemena Limited
SP AusNet
SPI (Australia)...
22 May 2013 Rating Action Moody's assigns B1 rating to InterGen's senior secured revolving credit facility, term loan and notes; Outlook changed to stable InterGen N.V.
22 May 2013 Rating Action Moody's upgrades NV Energy and subsidiary ratings; outlook stable Clark (County o...
Coconino County...
Humboldt (Count...
Nevada Power Co...
NV Energy Inc.
Sierra Pacific ...
Washoe (County ...
22 May 2013 Rating Action Moody's assigns Ba3 rating to Sabine Pass Liquefaction's upsized $5.9 billion senior secured bank loans; affirms existing ratings; outlook remains stable Sabine Pass Liq...
Sabine Pass LNG...
22 May 2013 Announcement Moody's corrects the insured rating history for CUSIPs 613609TK2 and 613609TL0 issued by Montgomery County Industrial Development Authority, PA Covanta Plymout...
Montgomery Coun...
22 May 2013 Rating Action Moody's assigns Baa2 initial rating to Curry College's (MA) $74.5 million of Series 2013 Revenue Bonds; outlook is stable Curry College, ...
Massachusetts D...
22 May 2013 New Issue Moody's assigns Baa2 initial rating to Curry College's (MA) $74.5 million of Series 2013 Revenue Bonds; outlook is stable Curry College, ...
Massachusetts D...
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