European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

LHI Green Infrastructure Invest II Schuldverschreibungen

LHI Securitization S.A., Compartment 4

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB Watch UNW 10.11.2023 15.11.2023 30.09.2042
BBB Outlook STA 15.05.2023 17.05.2023 30.09.2042
BBB Watch UNW 14.12.2022 19.12.2022 30.09.2042
BBB Outlook STA 05.05.2022 06.05.2022 30.09.2042
BBB- Outlook POS 02.12.2021 07.12.2021 30.09.2042
BBB- Outlook STA 26.11.2020 01.12.2020 30.09.2042
BBB- Outlook STA 05.12.2019 13.12.2019 30.09.2042
BBB- Outlook STA 20.11.2018 21.12.2018 12.12.2019

News

  • 15.11.2023
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 17.05.2023
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 19.12.2022
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 06.05.2022
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 07.12.2021
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 01.12.2020
    Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
  • 13.12.2019
    Creditreform Rating has confirmed the rating of the bearer bonds with ISIN DE000A194BL6 issued by LHI Securitization S.A., acting on behalf of its Compartment 4 Green Infrastructure Bond II of BBB- / outlook stable. The issue proceeds of this securitization will be invested in an investment vehicle/fund which indirectly participates in operating companies in the renewable energies sector. The investment vehicle pursues a long-term buy-and-hold strategy and invests exclusively in operating or at least ready to operate renewable energy plants, with a particular focus on onshore wind energy and solar power. The management will be undertaken by an experienced, Germany-wide fund manager with sufficient management capabilities. The main reasons for this rating are the results of our simulation of the expected portfolio cash flows taking into account that we have stressed several portfolio parameter and assumptions. The bearer bonds benefit from a gradual build-up of Credit Enhancement over the term of the bonds. According to our calculations based on the average consideration of diverse stressed scenarios, the expected portfolio cash flows are sufficient to fulfill the claims of the bondholders.
  • 21.12.2018
    Creditreform Rating has set the rating of the bearer bonds with ISIN DE000A194BL6 issued by LHI Securitization S.A., acting on behalf of its Compartment 4 Green Infrastructure Bond II at BBB- / outlook stable. The issue proceeds of this securitization will be invested in an investment vehicle/fund which indirectly participates in operating companies in the renewable energies sector. The investment vehicle pursues a long-term buy-and-hold strategy and invests exclusively in operating or at least ready to operate renewable energy plants, with a particular focus on onshore wind energy and solar power. The management will be undertaken by an experienced, Germany-wide fund manager with sufficient management capabilities. The main reasons for this rating are the results of our simulation of the expected portfolio cash flows taking into account that we have stressed several portfolio parameter and assumptions. The bearer bonds benefit from a gradual build-up of Credit Enhancement over the term of the bonds. According to our calculations based on the average consideration of diverse stressed scenarios, the expected portfolio cash flows are sufficient to fulfill the claims of the bondholders.