Fitch puts Dolphin Energy, Ras Laffan on watch

Fitch Ratings said it placed Dolphin Energy Ltd.'s A+ ratings on Rating Watch negative.

Also placed on negative watch include Ras Laffan Liquefied Natural Gas Co. Ltd. (II)'s (RasGas (II)) and Ras Laffan Liquefied Natural Gas Co. Ltd. (3)'s A+ ratings, along with Nakilat Inc.'s A+ and A ratings.

The action follows a similar rating watch on Qatar's sovereign rating, Fitch said.

The negative watch on Qatar's sovereign rating reflects the heightened uncertainty resulting from the decision of Saudi Arabia, the United Arab Emirates, Bahrain, Egypt and some other Arab countries to sever diplomatic and logistical ties with Qatar, Fitch said.

RasGas and Nakilat are credit-linked to Qatar and rated two notches below the sovereign, reflecting strong strategic ties, moderate operational ties, but weak legal ties as per the agency's ratings criteria, the agency said.

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