S&P affirms Sabine Pass Liquefaction

Standard & Poor’s said it affirmed its BB+ project issue ratings on Sabine Pass Liquefaction LLC’s senior secured credit facilities and notes. The 2 recovery rating is unchanged and indicates an expectation of substantial (70% to 90%; high end of the range) recovery in the event of a payment default.

The outlook is stable.

“The stable outlook reflects our assessment of favorable current construction progress and counterparty ratings above the project rating,” said S&P credit analyst Terry Pratt in a news release.

© 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.