TICCS® is a common classification standard that can be used by asset owners and managers, regulators, banks, and other investors across the various stages of the infrastructure-investment value chain, including consultants and researchers. It is designed to help investment and research professionals:
TICCS® is a four-pillar multi company-classification system designed to capture the characteristics of infrastructure investments. It consists of:
Companies are classified on the basis of individual qualitative and quantitative criteria, including their contractual and regulatory structure and environment; their source of revenues; and their type of industrial activity, including the complexity and level of uniqueness of the relevant infrastructure both from a construction and an operational perspective. Their financial and corporate structure is also taken into account.
TICCS® is built in the context of the EDHECinfra database of private infrastructure investments, the largest of its kind, which tracks the financial performance of hundreds of infrastructure companies globally.
Each national market included in the EDHECinfra universe is analysed in detail, including all the relevant aspects of infrastructure-procurement history and regulation in order to match this classification.
TICCS® is also reviewed regularly as new markets and companies are added to the EDHECinfra database. The design of this universe is described in the Index Methodology Standards document available on the EDHECinfra website.