Infrastructure debt is, as expected, higher risk during the initial construction period. Following construction, however, infrastructure debt stabilizes and performs at investment grade on average by year 10 in high income countries and year 14 in middle and low income countries.
New data from Moody’s provides insights into the default and loss performance of infrastructure debt securities around the world.
Global Infrastructure Debt Performance: A Solid and Highly Stable Record after Construction
Source: Moody’s Analytics 2020: Examining Infrastructure as an Asset Class
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