RT Journal Article SR Electronic T1 Basel II and Project Finance—The Development of a Basel II–Conforming Rating Model JF The Journal of Structured Finance FD Institutional Investor Journals SP 84 OP 95 DO 10.3905/jsf.2006.614085 VO 11 IS 4 A1 Jörg Orgeldinger YR 2006 UL https://pm-research.com/content/11/4/84.abstract AB 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