Writing for the Global Listed Infrastructure Organisation’s Journal (GLIO), Karl Nietvelt, Global Head of Analytical Excellence & Research, Global Infrastructure, at S&P Global Ratings, looks at how the COVID-19 pandemic has affected the infrastructure asset class.
While infrastructure is known to be largely resilient to shocks, it is by no means immune. Certainly, as a result of the pandemic, credit quality within the sector has been tested to a greater extent than during the global financial crisis, with transportation infrastructure assets coming under considerable strain. Indeed, the sector has seen close to 10% of ratings downgraded in recent months, as volume decreases on an unprecedented scale and prospects for recovery remain uncertain.
The full article can be found here.