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Moody’s lifts Sabine Pass to investment-grade
Moody's Investors Service said it upgraded Sabine Pass Liquefaction, LLC's senior secured bonds to Baa3 from Ba1.
The outlook is stable.
Moody’s said the upgrade to Baa3 from Ba1 reflects increased revenue certainty in light of continued construction progress as three of Sabine Pass’ five trains have achieved completion.
The upgrade also considers reduced construction risk owing to the track record demonstrated by Bechtel in completing each of the Trains ahead of schedule and comfort with the amount of liquidity available to Sabine Pass to complete the remaining construction on Trains 4 and 5, the agency added.
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