Publicação
Transparency in project bond ratings: assessment of rating methodologies and development of a proven rating simulator
| dc.contributor.advisor | Sousa, Mariana Abrantes de | |
| dc.contributor.author | Wieser, Michael Florian | |
| dc.date.accessioned | 2014-03-18T17:12:16Z | |
| dc.date.available | 2014-03-18T17:12:16Z | |
| dc.date.issued | 2014-01 | |
| dc.description | A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics | por |
| dc.description.abstract | The EU promotes the use of project bonds to develop a solid source for funding infrastructure projects. During an internship with the financial advisory team at UniCredit, the project finance rating methodologies of the major rating agencies were analyzed and a rating simulator was built to gain insights into the main rating drivers. The resulting rating simulator is not able to fully forecast a rating but provides guidance for structuring future projects. After analyzing two case studies, it appears that S&P uses the most comprehensive, Moody’s the most transparent and Fitch the most flexible methodology to rate project finance bonds. | por |
| dc.identifier.tid | 201528355 | |
| dc.identifier.uri | http://hdl.handle.net/10362/11695 | |
| dc.language.iso | eng | por |
| dc.peerreviewed | no | por |
| dc.publisher | NSBE - UNL | por |
| dc.subject | Project finance | por |
| dc.subject | project bonds | por |
| dc.subject | Rating | por |
| dc.subject | Infrastructure investments | por |
| dc.title | Transparency in project bond ratings: assessment of rating methodologies and development of a proven rating simulator | por |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | por |
| rcaap.type | masterThesis | por |