DSCR rating-criteria band for data-center project debt, BBB category by lease profile (NNN lease → long-term contracted → colocation)
~1.05–1.75x by lease profileobserved
| Value kind | observed — Reported measurements, counts, and specifications keep the precision and scope stated by their source; an exact specification is not treated as a range. |
|---|---|
| Scope | Rating-category thresholds for SPE non-recourse project debt, keyed to lease profile. They are not observed lender covenant minimums, and the source publishes no merchant data-center category. |
| Caveat | Criteria bands, not market minimums: a project's covenant, its CFADS definition and its amortization structure are set in the facility agreement. The general Table 2 categories (Low/Medium/High risk) carry materially higher thresholds than the data-center table. |
| As of | 2026-06 |
| Source | Transparency Analytics, Project Finance Credit Rating Methodology, June 11, 2026, Appendix B, section C (Data Centers), Table 15, p. 13. · Appendix B — Sector Specific: C. Data Centers, Table 15, PDF p. 13. |
| Review | checking…review by 2027-06-11 · standard cadence |
| Recorded changes | last 2026-09-16 · 4 revisions tracked |
| Claim id | minimum-dscr-band-1-20-1-45x-contracted-vs-1-75 |
Where the guide uses it
← Full numbers register — every date-stamped figure in the guide, with revision history.