Fitch ups Sabine Pass

Fitch Ratings said it upgraded Sabine Pass Liquefaction LLC's senior secured note rating and issuer default rating to BBB from BBB-.

The outlook is stable.

“SPL's ratings reflect stable cash flows supported by long-term revenue contracts with investment grade counterparties that effectively pass-through fixed and variable expenses for the SPL facility that produces liquefied natural gas (LNG),” Fitch said in a news release.

“Operations have been in line with expectations since the first train became operational in 2016.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.