Fitch: 2015 Stable Outlook for Global Infrastructure and Project Finance

NEW YORK--()--Despite the slow growth trend in Latin America, macroeconomic demand drivers for global transportation infrastructure supports the 2015 stable outlook, according to a new Fitch Ratings report.

"Between expected growth in the U.S. and observed stabilization of transportation networks performance in Europe, the Rating Outlooks for most sectors remain stable," said Olivier Delfour, Head of Fitch's Global Infrastructure and Project Finance Group. "Sensitivity to oil prices is limited in the energy portfolio due to either low breakeven prices or the contracted nature of revenues."

Renewable and thermal generation assets benefit from contractual frameworks that provide stable revenues regardless of energy price fluctuations. The European renewable energy sector continues to be negative on government regulation and policy shifts.

U.S. sports, including facilities and franchises, continue to show solid stability driven by a strong percentage of contractually obligated revenue, long-term collective bargaining agreements and generally stable attendance and viewership.

Fitch expects underlying operating performance of UK Whole Business Securitizations transactions will largely stabilize in 2015.

For more information, a special report titled '2015 Global Infrastructure & Project Finance Outlooks' is available on the Fitch Ratings web site at www.fitchratings.com.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: 2015 Global Infrastructure & Project Finance Outlooks

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=855488

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Contacts

Fitch Ratings, New York
Media Relations
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com
or
Managing Director
Olivier Delfour, +33 1 44 29 91 21
or
Fitch France S.A.S.
60 rue de Monceau
75008 Paris
or
Managing Director
Cherian George (Americas), +1 212-908-0519
or
Managing Director
Dan Robertson (EMEA), +44 20 3530 1312

Contacts

Fitch Ratings, New York
Media Relations
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com
or
Managing Director
Olivier Delfour, +33 1 44 29 91 21
or
Fitch France S.A.S.
60 rue de Monceau
75008 Paris
or
Managing Director
Cherian George (Americas), +1 212-908-0519
or
Managing Director
Dan Robertson (EMEA), +44 20 3530 1312