Global Credit Data members have been working together for some years to improve and increase data on project finance cases. This study, based on 300 defaults as at June 2014, examines the different elements of project type, industry, location, etc. to see whether they are predictive of LGD outcome. There is also an interesting comparison between LGD rates observed for Project Finance loans vs unsecured Large Corporate loans.
The working group was chaired by Nina Brumma of KfW and assisted by Orla Duffy.