Click here


View news from   +  advanced search
You are here: Home Sectors Water/Waste Water & Waste
Project Finance Copying and distributing are prohibited without permission of the publisher

Water & Waste

29 July 2010

Poseidon Resources delays and increases PABs

Poseidon Resources’ issuance of public activity bonds (PABs) to finance the construction of a desalination plant in Carlsbad, California has been delayed because the sponsor has not completed the project’s underlying agreements. Last week, Standard & Poor’s suspended its BBB- rating of the financing deal because it was not finalised or the rating renewed within 90 days of its assignment on 26 February.

A source close to the...

Most read in past 24 hours

  1. Project finance recovery rates under pressure

  2. LSP Batesville defaults as Tenaska sale falls through

  3. WestLB's Heathcote joins Lloyds to run debt group

  4. ESB's Carrington CCGT nears market

  5. Outages and competition hit Moyle Interconnector bonds

  6. Argentina closes with IADB on for Norte Grande roads

  7. EPV and Pohjolan Voima close with NIB on biomass gasification

  8. Fresh challenge to Milan Metro line 4

  9. Financial close on R4 Ghent due next week

  10. Belfi closes on Temuco airport

Popular Searches on PF

Upcoming Events

Change font size: Switch to default font size Switch to medium font size Switch to large font size
back to top

Home

Sectors

Data & People

My Account

Information

Event Diary


Deals Of The Year


Jobs


Directory


Supplements


Site Links


All material subject to strictly enforced copyright laws. © 2012 Euromoney Institutional Investor PLC.