Fitch affirms Peru LNG

Fitch Ratings said it affirmed Peru LNG SRL's long-term foreign and local currency issuer default ratings at BBB-/outlook stable.

The rating also includes Peru LNG's $940 million senior notes due 2030.

“PLNG's ratings are supported by its strategic importance in Peru, as it process approximately 50% of the country's main gas production formation from the Camisea natural gas consortium, exporting almost all of its production to international markets, and contributes to the monetization of Peru's liquids reserves,” the agency said in a news release.

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