VOL. XLI

No. 04

26-January-1998

QATAR

S&P Sees Negative Implications For Ras Laffan Bonds

Standard and Poor's (S&P) said on 21 January that it had put the $1.2bn in bondsdue from the Ras Laffan LNG on creditwatch with negative implications. The two tranches ofbonds, the first $400mn due in 2006 and the second $800mn due in 2014, for the moment bothremain rated at the BBB-. S&P said that it "remains concerned that the potentialdeterioration in credit quality of the majority...