Ratio Finance
The company is engaged in issuing bonds and depositing the proceeds with the Ratio partnership.
Analyses on Ratio Finance (5)
- May 26, 2026
- March 22, 2026March 22, 2026
- Follow-up
Ratio Energies (Finance): How Much The Bond Depends On Egypt And Midstream Bottlenecks
The early-2026 headlines improved the debt path of Ratio Energies (Finance), but they also deepened the bond's dependence on Egypt and on the regional transport chain. The third pipeline solved part of the Leviathan bottleneck, yet from here the bond case depends more on EMG, FA…
R - Follow-up
Ratio Energies (Finance): Does The IFRS 9 Model Really Capture The Bond Risk
The IFRS 9 model of Ratio Energies (Finance) explains well why the allowance fell at year-end 2025, but it mostly measures market pricing and macro conditions rather than fully mapping the shutdown and recovery risk of a single-asset bond that depends on Leviathan.
R - Follow-up
Ratio Energies (Finance): How Much Is The Pledged Royalty Really Worth In Stress
The pledged royalty at Ratio Energies (Finance) is real collateral, but it is a late one: it only turns on after a failure in the normal repayment path or an acceleration event, sits behind state royalties, overriding royalties, and senior financiers, and is capped at the remain…
R Ratio Energies (Finance) 2025: The Bond Rests on Leviathan, While the Royalty Is Only a Backstop
Ratio Energies (Finance) is still essentially a pure debt conduit into Leviathan through Ratio Energies: as long as production, exports, and capacity expansion keep moving, the bond can read well, but the issuer's own protection layer is very thin and the pledged royalty is most…
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