VOL. XLI
No. 50
14-December-1998
QATAR
Moodys Downgrades Ras Laffan To Baa3
Moodys Investors Service, the US ratings agency, announcedon 9 December that it had downgraded the senior secured debentures of Qatars RasLaffan Liquefied Natural Gas Company Ltd. (Ras Laffan) from Baa2 to Baa3. The downgradingreflects uncertainty regarding Koreas outlook and concerns about prospective slowergrowth in Korean natural gas consumption despite escalating future purchase commitments.Korea Gas Corporation (KGC)...
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