S&P revises Cheniere view to negative

S&P said it changed the outlooks for Cheniere Energy Inc. and Cheniere Energy Partners LP to negative from stable.

“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),” S&P said in a press release.

The outlook on Cheniere Energy Partners reflects the outlook on CEI, S&P said.

The agency affirmed the BB ratings on both companies and their issue-level ratings.

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