VOL. XLI

No. 03

19-January-1998

QATAR

Moody's Puts Ras Laffan Bonds On Review For Further Downgrade

On 9 January the US ratings agency Moody's Investor Services said that it may downgradethe $1.2bn in debt securities of the Ras Laffan LNG Company from the current Baa2 (BBB).The agency said that the move coincides with announcement that it was also putting SouthKorea's sovereign rating on review for downgrade from Ba1. The state-owned Korea GasCorporation (Kogas) is the off-taker of 80% of Ras...