ARC Ratings

As digital transformation reshapes industries worldwide, data centres have become the backbone of modern infrastructure and operations, leading to a rapid increase in data centre financing and more recently securitisations. The evolution of this asset class began in 2018, with the first ABS financing for data centres in the U.S., and has recently gained momentum in Europe - with the first-ever European data centre ABS transaction taking place earlier this year, marking a significant milestone in diversified financing for digital infrastructure. ARC Ratings' latest research highlights this shift, examining the nuanced factors influencing data centre financing and the move towards securitisation. These insights explore the unique characteristics of data centre collateral and outline the distinctions between data centre CMBS and ABS structures. This research report is also freely available via ARC's website: https://lnkd.in/eA8uTZVV #datacentre #securitisation #creditratings

To our colleagues, clients and friends celebrating today, may this #Diwali be the start of bright new days, renewed hope, and rejuvenated spirits. Wishing you a Happy Diwali.

ARC Ratings has assigned a public, final long-term rating to the Term Loan provided to CRTS PCC Limited transacting in respect of its protected cell “Cell Alpha 1”. The below rating relates to the timely payment of interest and the ultimate repayment of principal. Counterparties on this transaction include NatWest Markets Plc. The full PR is freely available at https://lnkd.in/ddB_BvR4 #ratings #creditratings #structuredfinance #investors #srt #finance #cln

The shipping industry, known for its cyclical nature, faces inherent credit risks from fluctuating vessel income and market values. ARC Ratings' latest market research indicates that the industry is currently at a peak stage but may enter a decline by 2025. In the past year, geopolitical events and environmental disruptions caused by unpredictable water levels have forced many vessels to take longer, more circuitous routes, lengthening average travel times and increasing operational costs, leading to an increase in freight rates. This development creates fragmentation within the sector, between losers (those who are negatively affected due to poor adaptability to changing conditions, facing possible order loss) and winners (those who can take advantage of increased freight rates and lower capacity, and can grab market share due to competitor inflexibility stemming from vessel type constraints), with the latter positioned better in capitalising on the shipping cycle at a peak stage. This research report can also be accessed at: https://lnkd.in/exitbfxg #corporates #securitisation #shipping #risk #maritime #creditratings

ARC Ratings has affirmed the final long-term issue public rating assigned to the EUR 360.0 million bond issued by Entidade Nacional para o Setor Energético, E.P.E.. The below rating relates to the timely payment of interest and principal. Full information on this issuer, issue and rating is freely available at: https://lnkd.in/e7wfjDYN #ratings #creditratings #corporate #ENSE #oil #energy

Structured Credit Investor's 10th Annual Capital Relief Trades Seminar takes place in London next week with an anticipated audience of 350+ professionals. Joining the conversation, off the back of year which saw further public SRT ratings from ARC Ratings, will be Head of Structured Finance (UK), Ashley Thomas and Business Development Director, Rhonda Moore. If you would like to learn more about our approach, experience and insights in this area contact rhonda.moore@arcratings.com to arrange a meeting at the event, or find us on the networking app. #srt #crt #risk #cln #ratings #creditratings

Our Head of Structured Finance, Ashley Thomas', recent conversation on data centres with Structured Credit Investor provided a short insight into our consideration of this strong, emerging asset class, which we will be developing and sharing further in the coming weeks via market research, commentary and more. To ensure you remain in the conversation, follow our company page or reach out directly to one of the team. #technology #CNI #datacentres #securitisation #structuredfinance #creditratings

ARC Ratings affirms the final public long-term issuer and short-term issuer ratings assigned to Grupo Visabeira. The below ratings relate to the timely payment of interest and principal. Full information on this issuer and rating is freely available at: https://lnkd.in/d8uqq3k9 #ratings #corporates #serviceprovider #telecom #energy #construction #portugal 

ARC Ratings has published a draft Global Reverse Mortgage Securitisations Rating Methodology for public consultation and welcomes feedback from market participants in respect of the proposed updates to the existing methodology. The draft methodology can be accessed at www.arcratings.com and the commentary period will end on 30 October 2024. If no comments are received then ARC expects to adopt the draft methodology as final on or around 1st November 2024. The link to the draft: https://lnkd.in/erkdyVsc #mortgage #securitisation #methodology #erm #rating #rmbs

Following the news of BNP Paribas and Apollo Global Management, Inc.'s strategic partnership, ARC Ratings can announce it has assigned a public, final long-term rating to the senior secured revolving facility entered into by AGF WHCO 2-A Trust.   The below rating relates to the timely payment of interest and the ultimate repayment of principal.   The full PR and Report are freely available at: https://lnkd.in/dXRa-qN7 #ratings #creditratings #structuredfinance #investors #finance #bank