Fitch rates RasGas bonds A+

Fitch Ratings said it assigned Ras Laffan Liquefied Natural Gas Co. Ltd. issue of $2.23 billion senior secured bonds a rating of A+.

The issue comprises series E, F and G bonds for $500 million, $1.115 billion and $615 million with bullet maturities in 2012, 2014 and 2019.

The outlook is stable.

Ratings reflect the consistent operating reliability of the project, a committed sponsor group, access to abundant gas resources and a relatively low capital and operating cost structure, the agency said.

Constraints are the single site nature of the facilities and the technical complexity of operating the largest liquefaction trains in existence, the agency noted.

© 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.