European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

MEIF VI / Compartment 25

Institutional Infrastructure Holdings S. A., Compartment 25

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB- Outlook STA 25.08.2021 27.08.2021 12.06.2035
BBB- Outlook NEG 19.08.2020 26.08.2020 12.06.2035
BBB- Outlook STA 10.10.2019 15.10.2019 12.06.2035
BBB- Outlook STA 31.10.2018 26.11.2018 31.12.2032

News

  • 27.08.2021
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 26.08.2020
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 15.10.2019
    Creditreform Rating has confirmed the rating of the bearer bonds with the ISIN XS1899137027 issued by Institutional Infrastructure Holdings S.A., acting on behalf of its Compartment 25, with BBB- / outlook stable. The issuer uses the proceeds from the issue primarily to invest in an infrastructure investment fund. The main reasons behind the decision are the expected credit quality of the portfolio assets in connection with the expected stable cash flow generation, resulting from the investment fund´s business strategy. The expected cash flow generation has been tested, taking into account several stressed scenarios. Our quantitative and qualitative analysis display a moderate stress resilience of the structure with regard to certain parameters.
  • 26.11.2018
    Creditreform Rating has set the rating of the bearer bonds with the ISIN XS1899137027 issued by Institutional Infrastructure Holdings S.A., acting on behalf of its Compartment 25, to BBB- / outlook stable. The issuer uses the proceeds from the issue primarily to invest in an infrastructure investment fund. The main reasons behind the decision are the expected credit quality of the portfolio assets in connection with the expected stable cash flow generation, resulting from the investment fund´s business strategy. The expected cash flow generation has been tested, taking into account several stressed scenarios. The bearer bonds are therefore expected to build up credit enhancement over the bonds term. Our quantitative and qualitative analyses display a moderate stress resilience of the structure with regard to certain parameters.