S&P assigns Sabine Pass notes BBB-

S&P said it assigned Sabine Pass Liquefaction LLC’s private placements of about $482 million of senior secured amortizing notes due 2037 BBB- ratings and affirmed the BBB- ratings on the issuer’s outstanding notes.

Sabine is a subsidiary of Cheniere Energy Partners LP.

The proceeds will be used to repay, in part, the notes due in March.

The outlook is positive.

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