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Published on 7/21/2011 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

Fitch affirms RasGas

Fitch Ratings said it affirmed Ras Laffan Liquefied Natural Gas Co. Ltd. (II)'s (RasGas II) and Ras Laffan Liquefied Natural Gas Co. Ltd. (3)'s (RasGas 3) senior secured bonds at A+.

The outlook is stable.

The obligations of each issuer are guaranteed by the other entity.

The affirmations reflect the companies' strong operating profiles, both technically and financially, Fitch said.

The companies' economics are exceptionally strong compared with those in the same rating category, the agency said.

The stable outlook is supported by the lack of operating problems and the strong outlook for natural gas demand globally, Fitch said.


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