By Andrei Skvarsky.
Moody’s predicts stability over the next 12 to 18 months for the Europe-Middle East-Africa (EMEA) region’s practice of project co-financing by private companies and government agencies.
“Our outlook for the EMEA private finance initiative/public–private partnership (PFI/PPP) sector is stable. This outlook expresses our expectations for fundamental business conditions in the industry over the next 12-18 months,” the international credit rating agency says in an industry outlook report.
Rising public sector deficits could increase risks for the sector but “the easing of counterparty risk” supports the agency’s stable outlook for it, the report says.
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