Fitch rates Nakilat bonds A+, A-

Fitch Ratings said it assigned Nakilat Inc.'s $850 million 2033 senior secured bonds a final A+ rating and $300m subordinated second-priority secured bonds a final A- rating.

These ratings are the same as the expected ratings assigned in November and follow Fitch's review of the final documentation.

The agency added that Nakilat is a subsidiary of Qatar Gas Transport Co. Ltd., which owns equity interests in 29 liquefied natural gas vessels chartered to Qatari LNG projects.

Fitch added that the ratings reflect the importance of the ships financed by this program for the Qatari government, their critical role in delivering gas to offshore markets and the importance of LNG to the Qatari economy.

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