Carillion's Demise: What's At Stake?


The liquidation of Carillion (not rated), until recently the second-biggest facilities management (FM) and construction services company in the UK with GBP4 billion turnover, has disrupted the construction and FM market and has resurfaced the old debate about the country's private finance initiatives (PFI) scheme. Carillion was a preferred government contractor and was providing construction and services for a portfolio of PFI projects at the time of its demise.

Here, S&P Global Ratings delves into why Carillion got into financial trouble and what it means for the PFI market in the UK.

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