Capital Four CLO V DAC Cash Flow CLO Notes Assigned Ratings
Mar 8, 2023 -… The manager will provide an ESG monthly report that will include: The portfolio's weighted-average ESG score and distribution; The portfolio's weighted-average carbon intensity; and The list of obligors that have been reclassified as ESG ineligible obligations. …
Credit FAQ: Understanding S&P Global Ratings' ESG Credit Indicators
May 9, 2022 -… Are ESG credit indicators the same as an ESG rating or ESG score, or a stand-alone measure of ESG credentials? …
Sustainable Covered Bonds: A Primer
Nov 17, 2021 -… Most investors cited the issuer's overall ESG score as the main ESG factor considered, followed by alignment with ICMA's green bond principles, alignment with the EU Green Bond Standard, and alignment with the EU Taxonomy. …
Environmental, Social, And Governance: How Sustainability-Linked Debt Has Become A New Asset Class
Apr 28, 2021 -… In some cases, an SPT could also be an overall ESG score assigned to the borrower or issuer from an external provider. ...Most SLLs are linked to more than one SPT or KPI (sometimes up to four or five) or to an overall ESG score or rating that captures a combination of ESG indicators. …
CSA: A Crucial Building Block In The S&P Global Ratings ESG Evaluation
Feb 9, 2021 -… For clarity, the S&P Global ESG Score received upon completion of the CSA and the ESG Evaluation score are different in many ways. …
ESG - The New Differentiator - December 10 2020
Dec 10, 2020 -… What to measure - total ESG score or specific KPIs? ESG data sources ESG indices, a role in the investment decision? …
Sustainable Covered Bonds: Assessing The Impact Of COVID-19
Dec 1, 2020 -… Looking at opportunities, the panelist said his firm depended on ESG data and had its own scoring system, assigning an ESG score to all issuers and investments, whether they are marketed as green or not. ...From an investor perspective, it is also important to consider that they invest in green and social or sustainable companies because ultimately, those companies with a high ESG score are the future, and they believe that they have lower risk profiles than companies with lower ESG scores. …
European Leveraged Finance And Recovery Second-Quarter 2020 Update: Finding Equilibrium
Jul 20, 2020 -… Masmovil had raised a revolving credit facility (RCF) and capital expenditure facility line in 2019 linked to its ESG score. Table 2 Single-B Rated First-Lien New Issuance, By Value And Average Estimated Recovery since 2018 --'B-' rated tranches-- --'B' rated tranches-- --'B+' rated tranches-- --Total 'B' category rated tranches-- Amount issued (bil. €) Average recovery (%) Amount issued (bil. €) Average recovery (%) Amount issued (bil. €) Average recovery (%) Amount issued (bil. €) Average recovery (%) 2018 10.3 49.7 57.7 52.5 38.5 53.8 106.5 52.3 2019 11.9 59.9 53.0 56.5 40.1 61.8 105.0 58.6 1Q20 (Updated) 5.6 56.3 19.6 53.9 8.1 61.7 33.3 55.9 2Q20 0.5 52.5 9.0 62.7 3.5 48.8 13.1 58.1 YTD 2020 6.2 55.8 28.6 55.8 11.6 58.4 46.4 56.3 YTD--Year-to-date. …
European CLO Performance Index Report Q3 2019
Dec 13, 2019 -… Its objective is to maintain a minimum ESG score on a weighted-average basis, although failure to reach or maintain this score will not result in a breach of the collateral manager's duties or obligations under the transaction documents. …
Environmental, Social, And Governance: Why Linking Loans To Sustainability Performance Is Taking Off
Sep 3, 2019 -… Currently, SPTs include any number of factors, including a company's ESG score from an external provider, key performance indicators, and other equivalent metrics tracking improvements in a borrower's sustainability profile. ...Másmóvil's loan is by no means a market exception to loans linked to an ESG score. In early 2018, France-based Danone partnered with 12 lenders to link its €2 billion syndicated credit facility to an independently verified ESG score--thought to be the first instance of a company explicitly doing so. ...Investors may also stand to gain added insight from the stand-alone ESG score, which could allow for benchmarking. Focused ESG performance analysis is not only relevant to ESG-linked loan pricing. …
Capital Four CLO V DAC Cash Flow CLO Notes Assigned Ratings
Mar 8, 2023 -… The manager will provide an ESG monthly report that will include: The portfolio's weighted-average ESG score and distribution; The portfolio's weighted-average carbon intensity; and The list of obligors that have been reclassified as ESG ineligible obligations. …
Credit FAQ: Understanding S&P Global Ratings' ESG Credit Indicators
May 9, 2022 -… Are ESG credit indicators the same as an ESG rating or ESG score, or a stand-alone measure of ESG credentials? …
Sustainable Covered Bonds: A Primer
Nov 17, 2021 -… Most investors cited the issuer's overall ESG score as the main ESG factor considered, followed by alignment with ICMA's green bond principles, alignment with the EU Green Bond Standard, and alignment with the EU Taxonomy. …
Environmental, Social, And Governance: How Sustainability-Linked Debt Has Become A New Asset Class
Apr 28, 2021 -… In some cases, an SPT could also be an overall ESG score assigned to the borrower or issuer from an external provider. ...Most SLLs are linked to more than one SPT or KPI (sometimes up to four or five) or to an overall ESG score or rating that captures a combination of ESG indicators. …
CSA: A Crucial Building Block In The S&P Global Ratings ESG Evaluation
Feb 9, 2021 -… For clarity, the S&P Global ESG Score received upon completion of the CSA and the ESG Evaluation score are different in many ways. …
ESG - The New Differentiator - December 10 2020
Dec 10, 2020 -… What to measure - total ESG score or specific KPIs? ESG data sources ESG indices, a role in the investment decision? …
Sustainable Covered Bonds: Assessing The Impact Of COVID-19
Dec 1, 2020 -… Looking at opportunities, the panelist said his firm depended on ESG data and had its own scoring system, assigning an ESG score to all issuers and investments, whether they are marketed as green or not. ...From an investor perspective, it is also important to consider that they invest in green and social or sustainable companies because ultimately, those companies with a high ESG score are the future, and they believe that they have lower risk profiles than companies with lower ESG scores. …
European Leveraged Finance And Recovery Second-Quarter 2020 Update: Finding Equilibrium
Jul 20, 2020 -… Masmovil had raised a revolving credit facility (RCF) and capital expenditure facility line in 2019 linked to its ESG score. Table 2 Single-B Rated First-Lien New Issuance, By Value And Average Estimated Recovery since 2018 --'B-' rated tranches-- --'B' rated tranches-- --'B+' rated tranches-- --Total 'B' category rated tranches-- Amount issued (bil. €) Average recovery (%) Amount issued (bil. €) Average recovery (%) Amount issued (bil. €) Average recovery (%) Amount issued (bil. €) Average recovery (%) 2018 10.3 49.7 57.7 52.5 38.5 53.8 106.5 52.3 2019 11.9 59.9 53.0 56.5 40.1 61.8 105.0 58.6 1Q20 (Updated) 5.6 56.3 19.6 53.9 8.1 61.7 33.3 55.9 2Q20 0.5 52.5 9.0 62.7 3.5 48.8 13.1 58.1 YTD 2020 6.2 55.8 28.6 55.8 11.6 58.4 46.4 56.3 YTD--Year-to-date. …
European CLO Performance Index Report Q3 2019
Dec 13, 2019 -… Its objective is to maintain a minimum ESG score on a weighted-average basis, although failure to reach or maintain this score will not result in a breach of the collateral manager's duties or obligations under the transaction documents. …
Environmental, Social, And Governance: Why Linking Loans To Sustainability Performance Is Taking Off
Sep 3, 2019 -… Currently, SPTs include any number of factors, including a company's ESG score from an external provider, key performance indicators, and other equivalent metrics tracking improvements in a borrower's sustainability profile. ...Másmóvil's loan is by no means a market exception to loans linked to an ESG score. In early 2018, France-based Danone partnered with 12 lenders to link its €2 billion syndicated credit facility to an independently verified ESG score--thought to be the first instance of a company explicitly doing so. ...Investors may also stand to gain added insight from the stand-alone ESG score, which could allow for benchmarking. Focused ESG performance analysis is not only relevant to ESG-linked loan pricing. …