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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

KBRA Publishes Project Finance Research – Public-Private Partnerships: When Subcontractors Collapse

February 27, 2019

NEW YORK--(BUSINESS WIRE)--Feb 27, 2019--In public-private partnership (PPP) projects, a public-sector entity usually awards a concession-based contract to a special-purpose vehicle owned by private investors to design, build, finance, operate, and maintain a specific asset—such as a school, hospital or road—over a defined period. The private sector needs the asset to be constructed on time and within budget before it can reap cash flow. While most projects are built to completion, there are instances when contractors default.

KBRA’s Project Finance group has published an article discussing the impact of a contractor default and the remedies available to lenders under such a scenario.

To view the report, please click here.

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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, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190227005669/en/

CONTACT: Analytical Contacts:

Garret Tynan, Director

+353 1 907 9253

gtynan@kbra.com

Andrew Giudici, Senior Managing Director

(646) 731-2372

agiudici@kbra.com

Andrew Lin, Director

(646) 731-2483

alin@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE COMMUNICATIONS PUBLISHING

SOURCE: KBRA

Copyright Business Wire 2019.

PUB: 02/27/2019 11:25 AM/DISC: 02/27/2019 11:25 AM

http://www.businesswire.com/news/home/20190227005669/en