TORONTO (S&P Global Ratings) Nov. 2, 2026--S&P Global Ratings today assigned its ‘BBB’ rating to Cheniere Energy Inc.’s (CEI) proposed senior unsecured notes due 2037. The company will use the proceeds to repay debt outstanding at its subsidiaries, including Cheniere Corpus Christi Holdings LLC, and to fund capital expenditure. We rate CEI’s senior unsecured debt'BBB', one notch below our'BBB+'issuer credit rating, due to the structural subordination to asset-level secured debt at the projects. For the complete rationale, see our most recent research update on CEI, published Nov. 17, 2025. Criteria Corporates General: Sector-Specific Corporate Methodology , July 7, 2025 Criteria Corporates General: Corporate Methodology , Jan. 7, 2024 Criteria Corporates General: Methodology: Management
