Inside S&P Global Ratings IFR Outlook H1 2019: Political uncertainty, sustainability and ESG

S&P Global Ratings has published 2019’s first edition of Infrastructure Finance Outlook, its newsletter of key infrastructure and project finance-related research and ratings news.

In this edition, S&P Global Ratings considers global infrastructure investment trends, spanning China, the GCC and the Americas, along with the regulatory and political risk factors across these regions.

With global political uncertainties on the rise, infrastructure investors are even more focused on long-term sustainability. And, as environmental, social, and governance (ESG) considerations are rising to the fore of investment strategies, the credit rating agency dedicates this edition to providing greater insight to its newest offering, the ESG Evaluation.

Please see the full newsletter in PDF here.

ESG-based investing is here to stay, says S&P Global Ratings, covered by the specialist press

According to a recent report by S&P Global Ratings, executives and asset managers are in agreement that the rise of environmental, social, and governance (ESG)-based investing will likely accelerate as a younger, more values-oriented crop of investors enter the global markets.

Doug Peterson, S&P Global President and CEO, told attendees of  launch event for S&P Global Ratings’ ESG Evaluation tool, “Now more than ever, companies understand and have a much better appreciation of their responsibilities as corporate citizens. We see ESG matters as an essential component of sustainable company performance.”

Following outreach from Moorgate, the report was covered by Aqua Now, Wealth Adviser, SDG Knowledge Hub, and Institutional Asset Manager.

 

Commerzbank completes first Marco Polo transaction pilot, covered by specialist press

Commerzbank and Landesbank Baden-Württemberg (LBBW) have recently – for the first time – successfully executed the necessary data transfers to complete two commercial transactions via blockchain-based trade finance network Marco Polo.

“The transaction proves that blockchain technology offers our clients state-of-the-art financing for trade transactions,” says Nikolaus Giesbert, divisional board member for Trade Finance & Cash Management at Commerzbank. “We see a valuable opportunity here to work together to develop and bring to the market innovative trade finance solutions.”

News of the transaction was covered by: Banking Technology, Bitcoin Exchange Guide, BlockTribune, CMTFile, Coin Speaker, Coin Telegraph, CoinDesk, Der Treasurer, Disruption Banking, Financialit, FinExtra, Fintech Finance, FinTech Futures, Global Treasurer, Global Trade Review, Ledger Insight, The Paypers, TokenPost, Trade Finance Global, TRF News, TXF, TXF tracker (behind paywall), & Yahoo

ExWorks Capital’s Chris Ash outlines to Trade Arabia how value can be added in Middle East trade finance

  

Christopher Ash, the Managing Director of ExWorks Capital UK describes how trade finance in the Middle East is at an inflexion point. As the discipline innovates and evolves, it becomes a tool to help businesses grow, rather than being a heavy weight in the firm’s debt repayment schedule. There’s still much to be done but also much to gain. Ash outlines some exciting developments that are driving change throughout the region.

Read the full article here

S&P Global Ratings discusses the growing role of multilateral institutions for the mobilisation of private sector capital; covered by Infrastructure Investor  

Of the private capital multilateral lenders have mobilised, only 3% has been invested in low-income countries. This is according to new research by S&P Global Ratings.

The lacking capital is due to the higher underlying investment risks in emerging markets – such as political and regulatory uncertainty, currency exchange risks, and policies that are less clearly defined. S&P Global Ratings believes that a combination of credit enhancements and private-sector catalysation could help to offset the financing gap.

Following Moorgate’s outreach, the news was covered by Infrastructure Investor. To read the full article, click here (please note that the article is behind a paywall)

S&P Global Ratings’ outlook for Colombia’s 4G road projects cited in Infrastructure Investor

A recent Infrastructure Investor article assessing investment opportunities in Latin America featured S&P Global Ratings’ research into the development of Colombia’s road network. The rating agency believes that the 4G road network, which began development in 2013, has made “significant progress under the current administration”.

To read the full article, click here (please note that the article is behind a paywall)

Crown Agents Bank’s David Bee explores how technology can help investors navigate Africa’s currency market

As the appetite for foreign direct investment (FDI) in Africa intensifies, currency illiquidity and volatility stand as potential barriers to growth. In an article for The Global Treasurer, David Bee, Head of Global Markets at Crown Agents Bank, explores how new, innovative technologies – such as EMpowerFX – can begin to offset Africa’s currency concerns.

Please click here to read the full article.

 

S&P Global Ratings places the Genoa Bridge operator Atlantia on CreditWatch negative

S&P Global Ratings has placed Autostrade per I’Italia SpA (ASPI) – as well as parent company Atlantia – on Creditwatch negative following the tragic collapse of the Morandi bridge, Genoa. The placement, which is not itself a rating action, reflects the potential termination of ASPI’s concession agreement with the Italian government, and potential litigation action.

Following Moorgate’s outreach, InfraNewsPartnerships BulletinAlacraStoreand Reuters covered the news.

 

Falcon Bridging Finance selects Brightstar as latest financial intermediary, covered by specialist press

Falcon Bridging Finance Limited has announced that it has selected Brightstar Financial to act as its latest financial intermediary.

Under the terms of the partnership, Brightstar will add Falcon Bridging to their lender panel, providing partners and clients access to their complete product range.

BNY Mellon’s Carl Slabicki discusses the growing adoption of real-time payments by banks

Outdated payment systems, regulation, evolving consumer needs and promising fintech initiatives are all driving the demand for enhanced transaction capabilities. As a result, banks are increasingly adopting real-time payments to address evolving needs. In a commentary article for TMI, Carl Slabicki, Director, Immediate Payments, BNY Mellon Treasury Services, discusses how the real-time landscape is gaining traction, the implementation of the real-time payments (RTP) initiative in the US, and how banks and the wider industry can make enhanced, real-time payments a global reality.

To read the full article, please click here.