Ratings firm says energy infrastructure stable “except renewables”

Credit ratings agency Fitch has pegged the outlook for energy infrastructure in Europe and the Middle East as “stable” apart from renewables. In a report out yesterday it pointed to recent slashes to incentives in Italy for solar photovoltaics and in Spain for renewables in general. The agency said its negative outlook for the European […]

Europe’s carbon credit oversupply could “worsen”

The oversupply of carbon credits in the European Union’s carbon trading scheme could “worsen”. That’s the view of ratings agency Fitch in response to the MEPs’ decision to temporarily withdraw 900 million permits in the EU’s Emissions Trading System (ETS) last week. Giving its verdict on the European Parliament’s vote to hold back carbon credits, […]

BG Group issue £750m of bonds

UK-based natural gas producers BG Group have issued £750 million of bonds. The 25-year bonds are due in November 2036 and pay a coupon of 5%. BG Group Chief Financial Officer, Fabio Barbosa said: “Today’s offering builds upon the equally successful $3 billion US bond issue we completed earlier this month. It also takes advantage […]