Cheniere Energy Inc. (CEI) develops, constructs, and operates liquefied natural gas (LNG) processing facilities in the U.S. Gulf Coast. We are revising our assessment of CEI business risk profile to fair from weak based on CEI's demonstrated performance for its LNG facilities in managing construction, arranging a sound program to obtain natural gas feedstocks, and establishing what we expect will be an effective operations and maintenance program. Specifically, Sabine Pass Liquefaction is close to recording its first LNG sales and there is greater clarity on the plans and timeframe for CEI's other planned LNG facility at Corpus Christi. We are raising our corporate credit rating on CEI to 'BB-' from 'B+'. The outlook is stable. The stable outlook reflects our
