As of May 2022, S&P Global Ratings publicly rated 262 distinct entities. The total number of projects we rate is above 300 distinct issuers, because some issuers choose to maintain private rather than public ratings. Within project finance, power remains the largest sector, covering 36% of the portfolio, followed by social infrastructure (28%) and transport (26%). Oil and gas projects make up 7% and the remainder is spread between industrial, desalination, and sporting team projects. In addition we rate certain infrastructure projects under our general corporate criteria, project developer or structurally enhanced debt criteria, if they have some structure but are not sufficient for a project finance approach.