Moody's rates Dolphin Energy debt Aa3

Moody's Investors Service said it assigned an Aa3 rating to $3.9 billion of 10-year amortizing senior secured debt due 2019 of Dolphin Energy Ltd., comprising a $1.420 billion bank debt facility, supplemented by $1.250 billion bonds and $1.225 billion of co-lending by the project's sponsors.

The outlook is stable.

Proceeds will be used to refinance existing debt in the Dolphin project, an integrated gas production and distribution project to deliver gas from Qatar's North Field to customers in Abu Dhabi, Dubai and Oman.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.