VOL. XLVII

No 03

19-January-2004

RATINGS

S&P Affirms Qatars RasGas Credit Ratings

Ratings agency Standard and Poors (S&P) on 6 January affirmed its BBB+ rating for Ras Laffan Liquified Natural Gas Companys (RasGas) $800mn bonds (priced at 8.29%) which fall due on 15 March 2014, and the Qatar LNG firms $400mn bonds (priced at 7.628%) due on 15 September 2006. The outlook is stable. The rating balances modest structural credit enhancements, including ExxonMobil and Qatari guarantees, and an...