KBRA Releases Research - Coronavirus (COVID-19): Questions Regarding the Impact on Project Finance and Infrastructure

Kroll Bond Rating Agency (KBRA) publishes a research report on the impact that the coronavirus (COVID-19) will potentially have on projects within the project finance and infrastructure (PF&I) sector, as KBRAs Project Finance group has received numerous questions over the past two weeks.

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Business Wire, Inc.Business Wire, Inc.
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Monday, March 30, 2020
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Banking, Professional services, Finance, Finance, Money, Economy, Credit rating agencies, Kroll Bond Rating Agency, Nationally recognized statistical rating organization, Credit risk, Bond, KBRA, Kroll, Financial market
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United States, NEW YORK
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KBRA AND KBRA EUROPE
Summary
Key Points: 
  • Kroll Bond Rating Agency (KBRA) publishes a research report on the impact that the coronavirus (COVID-19) will potentially have on projects within the project finance and infrastructure (PF&I) sector, as KBRAs Project Finance group has received numerous questions over the past two weeks.
  • KBRA believes that sectors exposed to market demand will experience the greatest volatility.
  • While the most obvious question is what impact the pandemic will have on individual credits, there have been other questions that are more general.
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.


Kroll Bond Rating Agency (KBRA) publishes a research report on the impact that the coronavirus (COVID-19) will potentially have on projects within the project finance and infrastructure (PF&I) sector, as KBRA’s Project Finance group has received numerous questions over the past two weeks.

Although it is difficult to determine how or when the pandemic will be resolved, there is no question that certain elements of the PF&I sector will experience distress over the coming months. KBRA believes that sectors exposed to market demand will experience the greatest volatility. We consider the most vulnerable sectors in the short term to include transport infrastructure relying on the movement of people, energy-related financing exposed to oil and gas price commodity fluctuation, and sports stadiums.

While the most obvious question is what impact the pandemic will have on individual credits, there have been other questions that are more general. We thought it would be helpful to share some of these questions with the market, as they provide insights into common industry concerns. As events surrounding the crisis unfold, our thoughts are with the individuals and families who have been exposed to the virus.

Click here to view the report.

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

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