Fitch moves Peru LNG outlook to stable

Fitch Ratings said it changed the outlook on Peru LNG Srl (PLNG) to stable from negative and affirmed its long-term foreign- and local-currency issuer default ratings at B+. The agency also affirmed PLNG's $940 million of senior unsecured notes due 2030 at B+/RR4.

“PLNG's outlook has been revised to stable after the company has operated at full capacity since September 2021, without interruptions. Over the rating horizon, the rating case assumes that PLNG's operations will produce 218 Tbtu in 2022 and 225 Tbtu on average between 2023-2025,” Fitch said in a press release.

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