Fitch Releases Spring 2016 Infra-Read Newsletter; Focus on Australian Infrastructure

NEW YORK--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: Infra-Read

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=879726

Australia's economy has been affected by China's slowing economic growth, but the infrastructure sector remains stable as core demand remains intact and additional investment and recycling of assets is expected to continue, according to Fitch Ratings latest semi-annual global infrastructure newsletter.

Over time, this can be a positive for the region and for U.S. and European private placement investors who purchase Australian assets.

Fitch's newsletter also focuses on the following:

--The revision to the Availability Payments Criteria with a more detailed focus on operational costs as well as the inclusion of specific guidance on the level of all-cost breakeven to achieve a certain rating level.

--A piece on European toll roads discussing traffic performance which differed substantially among rated peers reflecting national economic conditions and competition.

--A first-of-a kind peer review of U.S. managed lanes providing a snapshot of the Fitch-rated U.S. ML portfolio, including key rating factors for each rated project.

--A new report on FX in Infrastructure Project Finance as currency devaluation, in the face of a strong U.S. dollar, has increased FX risks for infrastructure projects.

--Links to Fitch's new FACT tools for U.S. airports and ports that provide an interactive excel interface to compare key financial information for Fitch-rated issuers in the U.S.

Fitch's latest 'Infra-Read' newsletter is available at 'www.fitchratings.com' or by clicking on the above link.

Additional information is available on www.fitchratings.com.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160414006384/en/

Fitch Ratings
Cherian George
Managing Director
+1-212-908-0519
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY, 10004
or
David Cook
Director
+61 2 8256 0363
or
Olivier Delfour
Managing Director
+33 1 44 29 9121
or
Media Relations:
Sandro Scenga, +1 212-908-0278, New York
[email protected]
Leslie Tan, +65 67 96 7234, Singapore
[email protected]

Source: Fitch Ratings

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