TY - CONF
T1 - Project Finance in the Energy Industry. An Integrated Approach to Credit Risk Assessment.
AU - Scannella, Enzo
PY - 2011
Y1 - 2011
N2 - The paper aims to assess the drivers of credit risk in project finance. Credit risk is one of the risks to which the project lenders are exposed. In particular, the proposed paper aims to analyse some critical issues related to credit risk assessment by lending banks. It is particularly complex to evaluate credit risk because of large infrastructure projects in energy industry, large sums of capital required to finance energy projects, new technologies involved, complex project agreements, legal and contractual structures, state-level regulation and tax treatment.
AB - The paper aims to assess the drivers of credit risk in project finance. Credit risk is one of the risks to which the project lenders are exposed. In particular, the proposed paper aims to analyse some critical issues related to credit risk assessment by lending banks. It is particularly complex to evaluate credit risk because of large infrastructure projects in energy industry, large sums of capital required to finance energy projects, new technologies involved, complex project agreements, legal and contractual structures, state-level regulation and tax treatment.
KW - project finance, credit risk, energy industry, risk assessment, rating
UR - http://hdl.handle.net/10447/96660
UR - http://www.accademiaaidea.it/downloads/2011-WCSA-II-Program.pdf
M3 - Paper
ER -