RT Journal Article SR Electronic T1 Credit Attributes of Project Finance JF The Journal of Structured Finance FD Institutional Investor Journals SP 5 OP 9 DO 10.3905/jsf.2002.320282 VO 8 IS 3 A1 Chris Beale A1 Michel Chatain A1 Nathan Fox A1 Sandra Bell A1 James Berner A1 Robert Preminger A1 Jan Prins YR 2002 UL https://pm-research.com/content/8/3/5.abstract AB Earlier in 2002, the Basel Committee on Banking Regulation put forth new capital-requirement proposals that would penalize project finance based on the hypothesis that this class of loans is riskier than corporate loans. However, an initial study conducted by Standard & Poor's Risk Solutions based on project finance loans at ABN AMRO, Citibank, Deutsche Bank, and Société Générale confirms anecdotal evidence that project finance loans perform better than corporate loans in default situations. Therefore, less capital should be required to reserve against their expected losses. The project finance industry should expand the study to include more participants and create an ongoing industry-wide database useful for credit analysis, bank regulation, and credit rating agency analysis.