Fitch rates Cameron LNG notes A-

Fitch Ratings said it assigned an expected A- rating to Cameron LNG, LLC's new $2 billion offering of senior secured notes.

“The rating for the Cameron liquefied natural gas (LNG) project derives from low cash flow volatility anchored by availability-based tolling agreements, with costs passed through to the tolling revenue counterparties. The rating is constrained by the credit quality of the lowest rated toller,” said Fitch in a press release.

The outlook is stable.

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