O'Reilly logo

Project Finance in Theory and Practice, 2nd Edition by Stefano Gatti

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 8

Credit Risk in Project Finance Transactions

Introduction

This chapter analyzes the problem of measuring credit risk in a project finance transaction from the lenders’ viewpoint. As seen in previous chapters, a number of specificities are inherent to structured financing as compared to corporate financing. These features have as much to do with how the financing is structured as with the assessments creditors make in ascertaining the financial sustainability of a given transaction.

These unique traits are also reflected in a regulatory context. In fact, the Basel Committee position is that the family of structured transactions, or specialized lending (SL), is characterized by a series of specific features that suggest that such deals ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required