Moodys Upgrades Ras Laffan Ratings To Baa1; Assigns Baa1 To New Bonds
Moody's Investors Service announced on 12 February that it has upgraded the senior secured bond ratings of Ras Laffan Liquefied Natural Gas Company (RasGas) by two notches to Baa1 from Baa3. It also assigned a Baa1 rating to the new $665mn senior secured bonds to be issued by the company. The outlook is stable. The upgrade reflects the improvement in RasGas insurance program, and also...