Middle East Economic Survey

VOL. XLVII

No 30

26-July-2004

RATINGS

Agencies Rate Oman LNGs $175Mn Commercial Bank Facility

The two leading ratings agencies Moodys and Standard & Poors (S&P) have both issued ratings on Oman LNGs $175mn debt which falls due in 2012. Moodys on 9 July rated the debt at A3, while also affirming the same rating on the companys senior secured debt. The A3 ratings reflect Oman LNGs strong business and financial profile, factoring in certain changes expected to its...