urce: -Infrastructure Default and Recovery Rates 1983-2016", Moody's. July 2017. Past performance is not a guarantee of future results. 3 Source: 'Moody's Approach to Rating Collateralized Debt Obligations Backed by Project Finance and Infrastructure Assets." August 1Z 2015. 4 The target return of the Preferred

urce: -Infrastructure Default and Recovery Rates 1983-2016", Moody's. July 2017. Past performance is not a guarantee of future results. 3 Source: 'Moody's Approach to Rating Collateralized Debt Obligations Backed by Project Finance and Infrastructure Assets." August 1Z 2015. 4 The target return of the Preferred

a distinguishing feature of infrastructure debt. N Source: 'Infrastructure Default and Recovery Rates 1983-2016'. Moody's. July 2017. 2$ Source: 'Moody's Approach to Rating Collateralized Debt Obligations Backed by Project Finance and Infrastructure Assets'. Moody's. August 2015. $$ Source: 'Infrastructure Defau