Moody’s ups two Qatari issuers

Moody's Investors Service said it upgraded QatarEnergy LNG S(3)’s backed senior secured debt rating to Aa3 from A1 and Nakilat Inc.’s senior secured debt rating to Aa3 from A1. The agency also raised Nakilat’s senior subordinated debt rating to A1 from A2.

Moody’s said it also changed the outlooks for the two issuers to stable from positive. Both are Qatari-government-related issuers.

The upgrades follow the Jan. 25 upgrade of Qatar’s ratings and revised its outlook to stable from positive. The rating actions mirror those on Qatar because Moody’s said it assumes each would benefit from extraordinary government support if needed.

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