VOL. XLIII

No. 17

24-April-2000

GAS

S&P Evaluates Prospects For Future Gas Based Project Finance In The Middle East

Gas-based projects are likely to create new project finance deals in the Middle East as the industry and regional fundamentals improve, building on the $11bn already lent since 1996, a report issued by US ratings agency Standard and Poors (S&P) on 21 March says. To date, only a few transactions have achieved investment grade. S&P has rated two Qatari bond offerings, Ras...