Press Release

DBRS Publishes Updated Public-Private Partnership Methodology

Infrastructure
February 28, 2014

DBRS has today published an updated public finance methodology entitled “Rating Public-Private Partnerships”. No rating changes or actions are caused by the publication of this updated methodology.

Overall, the changes are not substantive but include clarifying details regarding: (1) the treatment of market-tested and benchmarked services in light of operating and maintenance expense resiliency (i.e., break even ratio); (2) the relative importance of lifecycle and operating and maintenance expense resiliency in comparison with debt service coverage ratios; and (3) certain legal matters including the use of special purpose vehicles.

DBRS's rating definitions and the terms of use of such ratings are available at www.dbrs.com.

DBRS methodologies are available at www.dbrs.com or by contacting us at info@dbrs.com.