Moody’s stabilizes Freeport LNG outlook

Moody's Investors Service said it confirmed the ratings of Freeport LNG Investments, LLLP (Flngi), including the B3 rating on its senior secured term loan and changed the outlook to stable.

The confirmation and change to a stable outlook conclude the rating review initiated on June 29, the agency said.

“The change of outlook to stable reflects Moody's expectation that the group is well positioned to restart the operations shortly and that Flngi will continue to receive capital contributions from its shareholder pending the restart of distributions to Flngi from its operating subsidiaries. Moody's expects distributions to commence by the end of 2023,” the agency said in a statement.

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