Municipal Bond Credit Report: Skanska to stop bidding on U.S. P3s because of losses

Municipal Bond Credit Report: In a blow for the future development of P3s in the U.S., an international player plans to end its involvement in the sector because the “risk-reward” is no longer attractive. Skanska President Anders Danielsson made the announcement Oct. 19 during a preliminary third-quarter earnings report, saying that losses on two major U.S. projects led the company to reevaluate its participation in public-private partnerships…. Link to Story