Fitch downgrades Peru LNG

Fitch Ratings said it downgraded Peru LNG SRL's long-term foreign and local currency issuer default ratings to B from B+ and assigned a negative outlook.

Fitch also downgraded the company’s $940 million senior unsecured notes due 2030 to B/RR4 from B+/RR4.

The agency said the downgrade reflects the weakening of the company's financial profile, as a result of low international prices for natural gas.

Fitch said the negative outlook reflects the company's tight debt service coverage ratios in 2025 and 2026, when the company faces $199 million and $190 of debt service, respectively.

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