RT Journal Article SR Electronic T1 Targeted Risk Coverage JF The Journal of Structured Finance FD Institutional Investor Journals SP 15 OP 18 DO 10.3905/jsf.2001.320239 VO 7 IS 1 A1 Suzanne G. Smith A1 William H. Chew YR 2001 UL https://pm-research.com/content/7/1/15.abstract AB An emerging trend in project and concession financing is the use of targeted risk coverage, a structured financial mechanism for risk mitigation that shifts specifically identified risks from a project-financed transaction or concession to a third party such as a multiline insurance or reinsurance company, or a preferred creditor. While targeted risk coverage represents an innovative approach that can be an effective risk mitigant, rating agencies will elevate project credit ratings only after careful analysis of each risk cover's terms and conditions and the willingness of the coverage provider to meet its obligations in a timely manner.