EMEA Infrastructure and Utilities: Evolution of Capital Structures in a Low Interest Rate and a Low Growth Environment
SECTOR IN-DEPTH INFRASTRUCTURE AND PROJECT FINANCE NOVEMBER 23, 2016 Table Of Contents SUMMARY 1 OVERVIEW OF THE SAMPLE 2 LOW YIELDS REDUCE COMPANIES’ FINANCING COSTS, SUPPORTING INTEREST COVERAGE RATIOS 3 BORROWING COSTS ARE REFLECTIVE OF COMPANIES’ FUNDAMENTALS AND CAPITAL STRUCTURES… 3 …YET CAPITAL STRUCTURES ARE A REFLECTION OF COMPANIES’ CORPORATE ACTIVITY 5 REFINANCING AND PRO-ACTIVE
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