VOL. XLIV

No 36

3-September-2001

QATAR

Moodys Raises Ras Laffan LNG Ratings To Baa2

US ratings agency MoodysInvestors Service announced on 28 August that it had raised the rating on the$1.2bn senior secured bonds of Ras Laffan Liquefied Natural Gas Company Limitedto Baa2. According to a statement from the agency, the move reflectsimprovements in varying obligations of Korea Gas Corporation (Kogas), underits long-term offtake contract including: the outlook for the volume offtake ofKorea, and the...