--- title: Key References for Credit Tenant Lease Financing | Insights and Methodologies description: Explore key resources and articles on Credit Tenant Lease financing and project finance methodologies from leading institutions to enhance your understanding of current industry standards. --- [Skip to content](https://lance-intl.com/documents-and-resources#main-content) [![](https://lance-intl.com/hs-fs/hubfs/Lance%20International%20logoApr2023.png?width=2241&height=798&name=Lance%20International%20logoApr2023.png)Homepage](https://lance-intl.com/?hsLang=en) - [Team](https://lance-intl.com?hsLang=en#team) - [Sectors](https://lance-intl.com?hsLang=en#sectors) - [How We Work](https://lance-intl.com?hsLang=en#how-we-work) - [Resources](https://lance-intl.com/documents-and-resources) - [Team](https://lance-intl.com?hsLang=en#team) - [Sectors](https://lance-intl.com?hsLang=en#sectors) - [How We Work](https://lance-intl.com?hsLang=en#how-we-work) - [Resources](https://lance-intl.com/documents-and-resources) #### Lance Capital Real Estate and Project Finance Summary [View](https://lance-intl.com/hubfs/Lance_Capital___TI_and_Project_Finance.pdf?hsLang=en)[Download](https://drive.google.com/uc?export=download&id=16yanJFd7ZW68s0fEmW0R6WYJY1DcowgM) ## Articles and Resources ### Key References – Credit Tenant Lease (CTL) & Project Finance **2025** - [*Fitch*: *Infrastructure & Project Finance Rating Criteria*](https://lance-intl.com/hubfs/2025%20Fitch%20-%20Infrastructure%20%26%20Project%20Finance%20Rating%20Criteria.pdf?hsLang=en) - [*Arbor*: *The Essentials of Credit Tenant Lease Financing – A Professional Guide*](https://lance-intl.com/hubfs/2025%20Arbor%20-%20The%20Essentials%20of%20Credit%20Tenant%20Lease%20Financing_%20A%20Professional%20Guide.pdf?hsLang=en) **2024** - [*Moody’s*: *Rating Methodology – Credit Tenant Lease and Comparable Lease Financings*](https://lance-intl.com/hubfs/2024%20Moodys_Rating%20Methodology_%20Credit%20Tenant%20Lease%20and%20Comparable%20Lease%20Financings.pdf?hsLang=en) - [*Norton Rose Fulbright*: *Credit Tenant Lease (CTL) Financing*](https://lance-intl.com/hubfs/2024%20Credit%20Tenant%20Lease%20(CTL)%20Financing%20_%20Norton%20Rose%20Fulbright.pdf?hsLang=en) **2023** - [*Norton Rose Fulbright*: *Project Bonds and Energy Transition*](https://lance-intl.com/hubfs/2023%20Project%20Bonds%20and%20Energy%20Transition_%20Norton%20Rose%20Fulbright.pdf?hsLang=en) - [*DBRS*: *Global Methodology – Credit Tenant Leases*](https://lance-intl.com/hubfs/2023%20DBRS%20Global%20Methodology_Credit%20Tenant%20Leases.pdf?hsLang=en) **2022** - [*Crédit Agricole*: *Project Bond Focus – Fundamentals*](https://lance-intl.com/hubfs/2022%20Credit%20Agricole%20Project-Bond-Focus-Fundamentals.pdf?hsLang=en) **2021** - [*Kroll*: *Project Finance & Infrastructure Global Rating Methodology*](https://lance-intl.com/hubfs/2021%20Kroll%20-%20Project%20Finance%20%26%20Infrastructure%20Global%20Rating%20Methodology.pdf?hsLang=en) **2019** - [*Commercial Leasing Institute*: *Structuring a Credit Tenant Lease Financing – Balancing Interests of Developers, Lenders, Tenants and Investors*](https://lance-intl.com/hubfs/2019%20CLI-Structuring-a-Credit-Tenant-Lease-Financing_Balancing-Interests-of-Developers-Lenders-Tenants-and-Investors.pdf?hsLang=en) **2018** - [*Kroll*: *Global Structured Finance Counterparty Methodology*](https://lance-intl.com/hubfs/2018%20Kroll%20-%20Global%20Structured%20Finance%20Counterparty%20Methodology.pdf?hsLang=en) - [*CNBC*: *Office Envy – A Look Inside L’Oréal USA’s Headquarters at Hudson Yards, Manhattan*](https://lance-intl.com/hubfs/2018%20CNBC%20Office%20Envy_%20A%20look%20inside%20L%E2%80%99Oreal%20USA%E2%80%99s%20headquarters%20at%20Hudson%20Yards%2c%20Manhattan.pdf?hsLang=en) **2017** - [*Related*: *L’Oréal USA Moves Corporate Headquarters to Hudson Yards*](https://lance-intl.com/hubfs/2017%20L%E2%80%99Or%C3%A9al%20USA%20moves%20corporate%20headquarters%20to%20Hudson%20Yards%20_%20Related.pdf?hsLang=en) - [*Lexology*: *Financing a Commercial Tenant’s Leasehold Improvements – Pitblado*](https://lance-intl.com/hubfs/2017%20Lexology%20-%20Financing%20a%20commercial%20tenants%20leasehold%20improvements%20-%20Pitblado.pdf?hsLang=en) - [*Crédit Agricole*: *Project Bond Focus – Issue 5*](https://lance-intl.com/hubfs/2017%20Credit%20Agricole%20Project-bond-focus-issue-5.pdf?hsLang=en)   ##### Global Funding Solutions for Real Estate, Energy & Infrastructure ![Lance Capital Location](https://lance-intl.com/hs-fs/hubfs/Lance%20Capital%20Location.png?width=248&height=181&name=Lance%20Capital%20Location.png) The Chrysler Building 405 Lexington Avenue, 26th Floor New York, NY  10174 [![Lance Logo](https://lance-intl.com/hubfs/Lance%20Logo.svg "Lance Logo")](https://lance-intl.com/?hsLang=en) --- © 2025 Lance Capital. All rights reserved. [Legal](https://50509364.hs-sites.com/legal?hsLang=en)