er recovery rate than non-infrastructure broadly syndicated loans: 10-yr cumulative default rates of 8.0% for Ba infrastructure assets vs. 18.4% for Ba non-financial corporates • There is a growing long term need for infrastructure investment: total shortfall in U.S. infrastructure funding over the next 10 yea

er recovery rate than non-infrastructure broadly syndicated loans: 10-yr cumulative default rates of 8.0% for Ba infrastructure assets vs. 18.4% for Ba non-financial corporates • There is a growing long term need for infrastructure investment: total shortfall in U.S. infrastructure funding over the next 10 yea

er recovery rate than non-infrastructure broadly syndicated loans: 10-yr cumulative default rates of 8.0% for Ba infrastructure assets vs. 18.4% for Ba non-financial corporates • There is a growing long term need for infrastructure investment: total shortfall in U.S. infrastructure funding over the next 10 yea