Middle East Economic Survey

VOL. XLVIII

No 42

17-October-2005

QATAR

RasGas 2/3 Bonds Assigned A Ratings With Stable Outlook, Says S&P

Standard & Poors (S&P) on 13 October assigned its A debt rating with a stable outlook to the senior secured series A and B bonds that have been issued by RasGas 2 and RasGas 3 respectively. This rating action confirms the preliminary rating S&P assigned in July (MEES, 1 August). S&P had expected RasGas 2 to borrow around $1.3bn in bonds and...