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Article: Qatar : Qatari LNG project Ras Laffan assigned A rating and outlook stable.
- Article from:
- TendersInfo
- Article date:
- October 5, 2009
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Mena quoted Standard & Poor's Ratings Services as saying that it assigned its 'A' long term senior secured debt rating to the USD 2.23 billion bonds issued by Qatar based Ras Laffan Liquiefied Natural Gas Company Limited and guaranteed by Ras Laffan Liquefied Natural Gas Company Limited. This follows receipt and satisfactory review of all final transaction documentation, including legal opinions. The outlook is stable.
At the same time, it assigned a recovery rating of '1' to the bonds indicating our expectation of very high recovery of principal in the event of a payment default.
RasGas 3 is a 2 train liquefied natural gas company in the State of ...