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Completion Risk Rating Criteria

Financial News: This criteria report specifies Fitch Ratings’ methodology for assigning new and monitoring existing credit ratings and Issuer Default Ratings (IDRs) for entities exposed to completion risk globally.
Ratings exposed to this risk may be constrained by either their completion risk credit profile or projected financial metrics during the operating phase of the project.

The criteria set out in this report supplement and are applied in conjunction with theapplicable criteria reports. This criteria includes general concepts for the analysis of completion risk that may also be applicable to analytical areas outside Global Infrastructure and Project Finance. These general concepts, where applicable outside Infrastructure will be incorporated into the relevant analytical team’s criteria via reference to this criteria.