S&P rates FLNG Liquefaction notes BBB-

S&P said it assigned its BBB- rating to FLNG Liquefaction 3 LLC's $600 million senior secured notes due 2039.

The outlook is stable.

“The stable outlook reflects construction efforts that are well along and our expectation of no further significant budget or schedule issues. Our base-case scenario for the next 12-18 months assumes that construction will be complete in May 2020, nine months after the original guaranteed substantial completion date,” S&P said in a news release.

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