S&P puts Peru LNG on CreditWatch negative

S&P said it placed Peru LNG SRL’s BBB- ratings on CreditWatch with negative implications.

“Peru-based natural gas liquefaction company, Peru LNG SRL, released its second-quarter results that were sharply lower than our expectations. More importantly, we believe in the current market downturn and without strategy changes, the company will struggle to get its credit metrics to converge with our forecast for the upcoming years,” said S&P in a news release.

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