- Standard & Poor's raises its corporate credit rating on Cheniere Energy (LNG +1.3%) to BB- from B+ with a stable outlook,
- S&P says Cheniere has improved its business risk profile through managing key risks for successful construction and operation of its Sabine Pass Liquefaction project and by the successful debt and partial equity raise to build its Corpus Christi LNG project, which the firm says is "imperative... because of the inherent volatility in receiving residual cash flows."
- The ratings agency expects stable cash flow from Cheniere Energy Partners (CQP -1.8%), as construction at Sabine Pass is progressing in line with budget and schedule expectations.