Glossary
Project Finance Credit Rating
a rating assigned to issuers and liabilities of project finance transactions. Their features are:
1) implementation on the balance of SPV;
2) the only source of repayment of obligations under the project is the cash flow from the project;
3) distribution of risks between all participants of the project;
4) the absence of direct recourse to the state and third parties;
The assignment of ratings to project finance instruments is usually based on qualitative and quantitative analysis of different factors, separate modeling of the construction and operational stages of the project and on the calculation of the expected losses of the investor.
The investor’s expected losses are calculated using the formula:
EL = PD * LGD,
EL - the size of the expected losses of investors;
PD - project default probability;
LGD - value of losses in case of default.
Find Any Data on Any Bond in Just One Click
Full data on over 800,000 bonds and stocks worldwide
Powerful bond screener
Ratings from the top 3 global ratings agencies, plus over 70 local ones
Over 300 pricing sources from the OTC market and world stock exchanges
Get access
×
— Are you looking for the complete & verified bond data?
— We have everything you need:
full data on over 700 000 bonds, stocks & ETFs;
powerful bond screener;
over 350 pricing sources among stock exchanges & OTC market;
ratings & financial reports;
user-friendly interface;
available anywhere via Website, Excel Add-in and Mobile app.
Register
×
Why 
You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs
Get full access to the platform from any device & via Cbonds app
Enhance your portfolio management with Cbonds Excel Add-in
Build yield maps, make chart comparison within a click
Don't wait any longer — start using Cbonds today!
Register