Press Release: S&P Affirms Chenierie Energy Inc. 'B+' Rating
The following is a press release from Standard & Poor's :
-- Standard & Poor's Ratings Services conducted a full review of Cheniere
Energy Inc. under its Corporate Methodology published Nov. 19, 2013 .
-- Cheniere Energy has a "weak" business risk profile and an "aggressive"
financial risk profile.
-- We are affirming our 'B+' corporate credit rating on Cheniere.
-- The outlook is stable, reflecting stable cash flow.
NEW YORK ( Standard & Poor's ) May 4, 2015 -- Standard & Poor's Ratings Services
said today it affirmed its 'B+' corporate credit rating on Cheniere Energy
Inc. (CEI). The outlook is stable.
"The stable outlook on CEI reflects stable cash flow from CQP, which is due to
stable cash flow from SPLNG and construction at SPLIQ that is progressing well
and that will likely produce large cash flow beginning in 2017/2018," said
Standard & Poor's credit analyst Terry Pratt .
CEI is a U.S.-based developer and operator of large liquefied natural gas
(LNG) sector projects.
We base the "weak" business risk profile on CEI's reliance on distributions
currently from master limited partnership Cheniere Energy Partners L.P. , which
itself has a "fair" business risk profile and, in the future, from its planned
Corpus Christi liquefaction project.
RELATED CRITERIA AND RESEARCH
Related Criteria
-- Methodology And Assumptions: Liquidity Descriptors For Global
Corporate Issuers, Dec. 16, 2014
-- Methodology: Master Limited Partnerships And General Partnerships,
Sept. 22, 2014
-- Key Credit Factors For The Midstream Energy Industry, Dec. 19, 2013
-- Corporate Methodology, Nov. 19, 2013
-- Corporate Methodology: Ratios And Adjustments, Nov. 19, 2013
-- Management And Governance Credit Factors For Corporate Entities And
Insurers, Nov. 13, 2012
Complete ratings information is available to subscribers of RatingsDirect at
www.globalcreditportal.com and at www.spcapitaliq.com. All ratings affected by
this rating action can be found on Standard & Poor's public Web site at
www.standardandpoors.com. Use the Ratings search box located in the left
column.
Primary Credit Analyst: Terry A Pratt, New York (1) 212-438-2080;
terry.pratt@standardandpoors.com
Secondary Contact: Nora Pickens , New York (1) 212-438-2257;
nora.pickens@standardandpoors.com
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(END) Dow Jones Newswires
05-04-15 1125ET
