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Moody's Ratings (Moody's) has completed a periodic review of the ratings of GuarantCo Limited and other ratings that are associated with this issuer.
GuarantCo, part of the Private Infrastructure Development Group (PIDG), has secured early repayment of its innovative guarantee for Technaf Solartech Energy Limited (TSEL), which successfully initiated Bangladesh’s first utility-scale, grid-connected solar project in 2019. Due to the credit uplifts and smooth operational track record so far, a local bank, supported by the World Bank’s IPFF facility, has taken over the financing, retiring a 15-year loan in just five years.
GuarantCo, part of the Private Infrastructure Development Group (PIDG), has garnered two The Asset Triple A Sustainable Infrastructure Awards in Asia.
Fitch Ratings has affirmed GuarantCo Ltd.'s Insurer Financial Strength (IFS) Rating at 'AA-'. Simultaneously, Fitch Ratings Indonesia has affirmed the National IFS at 'AAA(idn)'. The Outlooks are Stable.
GuarantCo provided a partial credit guarantee for a listed and rated Non-Convertible Debenture (NCD) bond issuance by Vivriti Capital, an impact focused non-bank financial institution in India. CRISIL, an S&P subsidiary, rated the credit enhanced bond at AA+(CE)/Stable. The NCD issuance totalling INR 2 billion (c. USD 23.4 million) aims to expand Vivriti’s access to the capital markets and enable Vivriti to tap into a diversified pool of longer-term institutional debt investors. This transaction will help Vivriti to primarily diversify its funding base from banks to institutional investors. Vivriti’s increasing asset base requires capital from varied sources to support its on-lending to a portfolio of under-served mid-market enterprises and small businesses engaged in infrastructure development, including climate-focused initiatives. This is GuarantCo’s first capital market transaction in India and aims to be the catalyst for replicable transactions in the Indian market. This issuance is anticipated to be the first of many to enable the scaling and channelling of funds from multi-billion-dollar local insurance companies, pension funds and mutual funds into the debt capital bond market. Regulatory norms have typically restricted investments in bonds that are rated lower than AA.
GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided a partial credit guarantee for a listed and rated INR 2 billion Non-Convertible Debenture (NCD) bond issuance by Vivriti Capital, an impact focused non-bank financial institution in India. CRISIL, an S&P subsidiary, rated the credit enhanced bond at AA+(CE)/Stable.
GuarantCo, part of the Private Infrastructure Development Group (PIDG), scored three wins at the Environmental Finance Sustainable Debt Awards 2025. Judged by an independent panel – who are investors – the Awards seek to recognise those that excel, innovate, and contribute to the successful development of the expanding market of green, social, sustainability and sustainability-linked bonds and loans.
GuarantCo, part of the Private Infrastructure Development Group (PIDG), celebrated three category wins at the IJ Global Awards APAC ceremony held last night at Raffles in Singapore.
Etana Energy, the South African energy company, has reached financial close on its first solar project soon after the groundbreaking framework to enable such deals was put in place in December 2024. The broader framework agreement was secured through a $100 million payment default guarantee provided by GuarantCo, part of the Private Infrastructure Development Group (PIDG), and British International Investment (BII), the UK’s development finance institution and impact investor.
GuarantCo’s transaction with Africa GreenCo has won ‘Energy Transition Deal of the Year – Africa’ in the IJ Global Awards. The prestigious award was announced at the EMEA ceremony held at The Peninsula London last night.
- Proposes knowledge-sharing among policymakers and market participants to increase awareness and demystify misconceptions of using credit guarantees for infrastructure in Indonesia
- Recommends exploring the development of new guarantee products specific to Indonesia, based on a deep understanding of market needs
Standard Chartered, a leading international cross-border bank, and GuarantCo, part of the Private Infrastructure Development Group (PIDG), are proud to announce the signing of a USD 50 million standby liquidity facility. The facility will increase capacity for GuarantCo’s mission of financing the development of essential sustainable infrastructure in lower income countries in Africa and Asia.