Cheniere Energy Inc. And Cheniere Energy Partners L.P. Outlook Revised To Negative From Stable On Higher Debt To EBITDA - S&P Global Ratings’ Credit Research

Cheniere Energy Inc. And Cheniere Energy Partners L.P. Outlook Revised To Negative From Stable On Higher Debt To EBITDA

Cheniere Energy Inc. And Cheniere Energy Partners L.P. Outlook Revised To Negative From Stable On Higher Debt To EBITDA - S&P Global Ratings’ Credit Research
Cheniere Energy Inc. And Cheniere Energy Partners L.P. Outlook Revised To Negative From Stable On Higher Debt To EBITDA
Published Jul 20, 2020
4 pages (2046 words) — Published Jul 20, 2020
Price US$ 150.00  |  Buy this Report Now

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Abstract:

On July 20, 2020, S&P Global Ratings revised its outlook on Cheniere Energy Inc. (CEI) to negative from stable, and affirmed its 'BB' long-term issuer credit and issue-level ratings on the company. At the same time, S&P Global Ratings revised its outlook on Cheniere Energy Partners L.P. (CQP) to negative from stable, and affirmed its 'BB' long-term issuer credit and issue-level ratings on the partnership. The negative outlook on CEI reflects its higher-than-expected consolidated debt-to-EBITDA, based on the decision to use debt to repurchase a portion of the convertible debt issuance of CEI and convert the convertible debt issuance of Cheniere CCH Holdco II LLC (CCH Holdco II). The negative outlook on CQP reflects the core relationship with CEI. TORONTO

  
Brief Excerpt:

...July 20, 2020 - On July 20, 2020, S&P Global Ratings revised its outlook on Cheniere Energy Inc. (CEI) to negative from stable, and affirmed its '##' long-term issuer credit and issue-level ratings on the company. - At the same time, S&P Global Ratings revised its outlook on Cheniere Energy Partners L.P. (CQP) to negative from stable, and affirmed its '##' long-term issuer credit and issue-level ratings on the partnership. - The negative outlook on CEI reflects its higher-than-expected consolidated debt-to-EBITDA, based on the decision to use debt to repurchase a portion of the convertible debt issuance of CEI and convert the convertible debt issuance of Cheniere CCH Holdco II LLC (CCH Holdco II). - The negative outlook on CQP reflects the core relationship with CEI. TORONTO (S&P Global Ratings) July 20, 2020--S&P Global Ratings today took the rating actions listed above. The decision to repurchase and convert convertible debt with debt and not equity delays deleveraging plans. Cheniere...

  
Report Type:

Ratings Action

Ticker
LNG
Issuer
Cheniere Energy Inc.
GICS
Oil & Gas Storage & Transportation (10102040)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Cheniere Energy Inc. And Cheniere Energy Partners L.P. Outlook Revised To Negative From Stable On Higher Debt To EBITDA" Jul 20, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Cheniere-Energy-Inc-And-Cheniere-Energy-Partners-L-P-Outlook-Revised-To-Negative-From-Stable-On-Higher-Debt-To-EBITDA-2481750>
  
APA:
S&P Global Ratings’ Credit Research. (). Cheniere Energy Inc. And Cheniere Energy Partners L.P. Outlook Revised To Negative From Stable On Higher Debt To EBITDA Jul 20, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Cheniere-Energy-Inc-And-Cheniere-Energy-Partners-L-P-Outlook-Revised-To-Negative-From-Stable-On-Higher-Debt-To-EBITDA-2481750>
  
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