Moody’s rates Consolidated Energy notes B2

Moody's Investors Service said it assigned a B2 rating to Consolidated Energy Finance, SA's proposed senior unsecured notes for an amount up to $1.25 billion and a tenor of five years.

At the same time, the agency assigned a B1 corporate family rating.

The outlook is stable.

The notes will be issued in two tranches (a $1.05 billion fixed coupon tranche and a $200 million floating coupon tranche) and guaranteed by Methanol Holdings Trinidad Ltd., FS Petrochemical Ltd., and Consolidated Energy Ltd.

Proceeds will be used to finance the acquisition of the 56.53% stake in Methanol Holdings that is not currently owned by Consolidated Energy Ltd.

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