VOL. XLII

No. 35

30-August-1999

QATAR

S&P Revises RasGas LNG Outlook To Stable

Standard & Poors announced on 24 August that it hasaffirmed its BBB+ rating on Ras Laffan Liquefied Natural Gas Company (RasGas)bonds and changed the outlook to stable from negative. A statement from theagency said the outlook revision follows improving trends in the Republic ofKoreas economy and energy consumption, stabilizing oil prices and theannouncement on 23 August that RasGas has shipped its first cargo...