Lessons Learned From 20 Years Of Rating Global Project Finance Debt – S&P

It has often been said that those who fail to learn from history are doomed to repeat it. The global project finance sector can perhaps be included among those who have learned from experience. The sector learned some hard lessons in its pioneering days, such as how to counter market exposure risk–the biggest cause of default–and how to strengthen a project’s structure to provide the necessary… More

 

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