KUALA LUMPUR: Asia-Pacific's infrastructure sector is now back on firmer ground and will see continued long-term growth, after some volatility in the financial markets in recent years, says Standard & Poor's Ratings Services.
In a report titled "Asia-Pacific infrastructure on firmer ground: From airports to utilities it's a sector with long-term growth prospects", it said the sector was positioned for long-term growth.
The report, published on Wednesday, March 2, explored the market trends, performance outlook, and risks to credit quality for the region's infrastructure sector.
"After some volatility in financial markets over recent years, Asia-Pacific's infrastructure sector is now back on firmer ground," S&P credit analysts Parvathy Iyer, Allan Redimerio, and Andrew Palmer said.
"In our view, this largely reflects: the ongoing economic activity across the region; rising demand for, and investment in, a range of infrastructure sectors; and improving stability in both credit and financial market conditions,' they said in the report.
They pointed out other factors that have aided stability and the credit outlook include supportive government actions for some infrastructure investment, as well as an increased focus by company boards and management on proactively managing refinancing requirements well before they fall due.
S&P said the report addresses some credit-related risks--including liquidity and refinancing needs, shareholder support, investments, and M&A-- for companies operating in infrastructure-related industries across Australia and Asia.
In addition, the report discusses the evolving funding landscape for private-public partnerships and project finance.
In a report titled "Asia-Pacific infrastructure on firmer ground: From airports to utilities it's a sector with long-term growth prospects", it said the sector was positioned for long-term growth.
The report, published on Wednesday, March 2, explored the market trends, performance outlook, and risks to credit quality for the region's infrastructure sector.
"After some volatility in financial markets over recent years, Asia-Pacific's infrastructure sector is now back on firmer ground," S&P credit analysts Parvathy Iyer, Allan Redimerio, and Andrew Palmer said.
"In our view, this largely reflects: the ongoing economic activity across the region; rising demand for, and investment in, a range of infrastructure sectors; and improving stability in both credit and financial market conditions,' they said in the report.
They pointed out other factors that have aided stability and the credit outlook include supportive government actions for some infrastructure investment, as well as an increased focus by company boards and management on proactively managing refinancing requirements well before they fall due.
S&P said the report addresses some credit-related risks--including liquidity and refinancing needs, shareholder support, investments, and M&A-- for companies operating in infrastructure-related industries across Australia and Asia.
In addition, the report discusses the evolving funding landscape for private-public partnerships and project finance.
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