Moody's rates Consolidated Energy loan Ba3

Moody's Investors Service said it assigned a Ba3 rating to Consolidated Energy Finance, SA's proposed $200 million senior secured revolving credit facility due 2023.

Consolidated Energy and Methanol Holdings (Trinidad) Ltd. are co-borrowers under the revolver credit agreement, the agency said.

The rating on the new revolving credit facility is based on Consolidated Energy Ltd.'s credit metrics, reflecting high but declining debt leverage and product concentration, Moody's said.

The rating also reflects the risk of feedstock (natural gas) curtailments in Trinidad and Tobago given declining production since 2011, the agency said.

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