No. 9



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

The US ratings agency, Moody's Investors Services, announced on 25 February that it was putting $1.2bn of A3-rated bonds issued by the Ras Laffan LNG Company on review for possible downgrade. The agency cited the elimination of the minimum price agreement under the terms of the second take-or-pay contract signed between Ras Laffan LNG and the Korea Gas Corporation (KGC) on 24 February as the reason...