Moody’s stabilizes North Queensland view

Moody's Investors Service said it revised the outlook on North Queensland Export Terminal Pty Ltd.'s (NQXT) ratings to stable from negative and affirmed the Ba2 senior secured ratings.

"The outlook change to stable is reflective of our understanding that NQXT is likely to repay the $500 million note through funding which has been provided by the sponsor. Consequently, such actions will resolve imminent refinancing risk currently faced by the company," said Kenny Lo, a Moody's analyst, in a press release.

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