Project and infrastructure finance

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Explore Crisil, a company of S&P Global

Formerly known as Global Research & Risk Solutions

Project and infrastructure finance

End-to-end credit and financial expertise across energy, digital infrastructure, PPP, and other project financings, from underwriting through ongoing monitoring

Project and infrastructure lenders must assess exposures where repayment depends on project cash flows, market accessibility and contractual structures. Construction risks, cost overruns, counterparty performance and changes in market or regulatory assumptions can materially affect debt-servicing capacity throughout the financing lifecycle.

Crisil Integral supports energy, digital and social infrastructure, telecommunication and other project-finance transactions across transaction assessment, financial modelling, due diligence, credit analysis, periodic reviews and portfolio monitoring, helping lenders strengthen credit decisions, scale specialist capacity and maintain oversight as projects progress from construction to operations.

5+

Global and regional banks supported across project and infrastructure finance

500+

Project and infrastructure finance transactions analyzed annually

1,000+

Project finance models reviewed and analyzed annually

Our solution components

We assess financing and ownership structures, sponsors, counterparties, contractual frameworks and key risks to support informed financing decisions.

We develop and review project finance models to assess cash waterfall, DSCR, LLCR, and refinancing capability across the life of the financing.

We evaluate resilience to construction delays, cost overruns, operating-performance shortfalls and other project-specific stresses.

We assess contractual protections, cash flow structures and key counterparties, including EPC contractors, operators and offtakers, to identify structural vulnerabilities.

We assess project performance, financial projections, covenant compliance, data governance and evolving risks through construction, ramp-up and operations.

Supporting clients in meeting regulatory and compliance requirements through time-bound remediation initiatives to address potential breaches.

The problems we solve

Research

Keeping complex project portfolios moving as they scale

Case Studies

We help reduce underwriting and review bottlenecks through specialist project-finance expertise and standardised analysis across large and complex exposures.

Stress-testing project debt-servicing capacity

Overview

We evaluate project cash flows against delays, cost pressures and operating assumptions to identify scenarios that could impair repayment capacity.

Managing complex contractual and counterparty risks

Overview

We assess sponsors, offtakers, EPC contractors, O&M providers and contractual protections to identify structural weaknesses that could affect credit quality.

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Research

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Recognitions

The confidence we deliver is felt across
boardrooms, markets, and industries.

#37 in Chartis RiskTech 100 | 2025

Chartis RiskTech 100 Model Validation | 2025

#49 in Chartis RiskTech 100 | 2024

Chartis RiskTech 100 Model Validation | 2024

Best Companies for women India | 2024

Read more on our recognitions

Discover why the world's most prestigious
global and regional financial institutions
chose us as their strategic partner