InfrastructureFinanceIntelligence

forFixedIncomeMarkets

Transformingdisclosures

intoactionableintelligence

From Infrastructure Disclosure to Investment Intelligence

Kestrel is an Infrastructure Finance Intelligence company focused on fixed income markets.

We transform fragmented infrastructure, sustainability, resilience, and financial disclosures into structured intelligence that supports investment research, sustainable finance, portfolio analysis, reporting, and compliance workflows.

By supporting both issuers and investors, we maintain a unique perspective on the full lifecycle of infrastructure finance.

solutions

Kestrel delivers Infrastructure Finance Intelligence through solutions that support
issuers, investors, and other market participants across the infrastructure finance ecosystem.

01

Infrastructure Intelligence

Kestrel maintains structured intelligence covering a majority of the municipal bond market. Our intelligence evaluates sustainability, resilience, infrastructure characteristics,  sector-specific best practices, and other material factors that support investment and credit research workflows. 

Solutions include: 

  • Sustainability Intelligence Platform 
  • API Data Services 
  • Customized Intelligence Solutions 

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02

Transaction Intelligence

Kestrel provides independent analysis and assurance for debt financings, infrastructure investments, and sustainable finance transactions.

Solutions include: 

  • Second Party Opinions 
  • Sustainability & Resilience Profiles 
  • Green Commercial Paper Certificates 
  • Post-Issuance Reporting 
  • Capital Plan Evaluations 

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03

Portfolio Intelligence

Kestrel helps investors evaluate sustainability, resilience, and infrastructure-related characteristics across fixed income portfolios. 

Solutions include: 

  • Fixed Income Portfolio Reviews 
  • Portfolio Benchmarking 
  • Portfolio Sustainability Intelligence 
04

Investment Solutions

Kestrel supports the development and implementation of sustainable and climate-aligned investment strategies through intelligence, frameworks, and customized analytical solutions. 

Applications include: 

  • Compliance Frameworks 
  • Sustainable Investment Products 
  • Climate-Aligned Investment Products 

our approach

Within infrastructure finance, there are best practices for sustainability and resilience. Kestrel analysts review bond-financed activities and identify when these best practices are present. We categorize the best practices with five key Sustainable Finance Principles, and benchmark bonds with scores.

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Talk with us     info@kestrelesg.com

insights

Kestrel Launches Blue Bond Methodology for the U.S. Municipal Bond Market

Hood River, Oregon — January 29, 2026 — Kestrel today announced the release of its Methodology for Assessing Blue Bonds Eligibility in the U.S. Municipal Bond Market, a new framework […]

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New Resilience Taxonomy Brings Clarity to Climate Risk in the $4.3 Trillion Municipal Bond Market

HOOD RIVER, OR – January 6, 2026 — As U.S. cities face increased exposure to climate-driven physical risks, Kestrel, the leader in Sustainability Intelligence™, today released its Resilience Taxonomy for […]

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SMUD Issues first Kestrel-Verified Green Commercial Paper

SACRAMENTO, CALIFORNIA AND HOOD RIVER, OREGON — Sacramento Municipal Utility District (SMUD) (AA) successfully launched the first Green Commercial Paper (CP) notes issued by any U.S. municipal electric utility. Barclays was […]

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highlights

90+ %

coverage of the municipal bond primary market
for investment grade and higher with
>$20 million par value

+60 %

market share by par of external reviews
in US public finance*

+$3.2 trillion

par benchmarked with Kestrel Sustainability Intelligence™

*2025

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