No. 49



Agencies Confirm Ras Laffan Bond Ratings

On 1 December, Moody's Investors Service confirmed its A3 (A-) rating of the twotranches of Ras Laffan LNG bonds issued nearly a year ago and said that the outlook wasstable. The confirmation comes after Moody's lowered its sovereign rating for Korea (whoseKogas, 85% owned by the Government of Korea, is the primary off-taker from Ras Laffan)from A1 to A3 on 27 November. The ratings agency, citing the importance of the...