@article {Orgeldinger84, author = {J{\"o}rg Orgeldinger}, title = {Basel II and Project Finance{\textemdash}The Development of a Basel II{\textendash}Conforming Rating Model}, volume = {11}, number = {4}, pages = {84--95}, year = {2006}, doi = {10.3905/jsf.2006.614085}, publisher = {Institutional Investor Journals Umbrella}, abstract = {This article presents a critical review of the Basel II regulatory framework for specialized lending and especially project finance. It deals with two key issues related to the development of a rating model for project finance risk: (1) The author criticizes the current bank and rating agency approaches to assessing credit risk in project finance, and (2) he evaluates one possible way to construct a rating model with project finance rating data according to the Basel II Accord. The article explains why the proposed model is different and better then than existing ones.TOPICS: Project finance, information providers/credit ratings, statistical methods}, issn = {1551-9783}, URL = {https://jsf.pm-research.com/content/11/4/84}, eprint = {https://jsf.pm-research.com/content/11/4/84.full.pdf}, journal = {The Journal of Structured Finance} }