by rw | Apr 1, 2006 | Articles, Projects
We invited Philippe Valahu, Acting Director of Operations, and Elena Palei, Senior Underwriter, at the Multilateral Investment Guarantee Agency (MIGA), to discuss the underwriting of investment in the complex Nam Theun 2 hydropower project, in which MIGA has played a...
by rw | Apr 1, 2006 | Articles, PRI Pricing
The Assistant Treasurers of two multinational companies, Powerco and Manuco meet at a conference and compare notes on their political risk programs. Powerco, which has invested in an investment grade rated emerging market is surprised to learn that its rates are...
by rw | Apr 1, 2006 | Articles, Interviews, PRI Syndications
You specialize in syndicating placements. What are the benefits of PRI syndication? I am a great fan of the syndicated market, partly because I believe the PRI market has to accept the inevitability of real losses, ones that won’t necessarily be recoverable over time,...
by rw | Apr 1, 2006 | Articles, PRI Products and Coverages, Ratings Agencies, Recovery Ratings
Recovery ratings provided by agencies such as Standard & Poor’s (S&P) and Fitch can help lenders and borrowers assess the prospects of recovery once a default has occurred, open access to particular investors and lenders, as well as to calculate capital...
