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

LHI Green Infrastructure Invest II Schuldverschreibungen

LHI Securitization S.A., Compartment 4 Green Infrastructure Bond II

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
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

  • 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.