TY - JOUR T1 - Basel II and Project Finance—The Development of a Basel II–Conforming Rating Model JF - The Journal of Structured Finance SP - 84 LP - 95 DO - 10.3905/jsf.2006.614085 VL - 11 IS - 4 AU - Jörg Orgeldinger Y1 - 2006/01/31 UR - https://pm-research.com/content/11/4/84.abstract N2 - 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 ER -