Santos unaffected by rating change
Santos has noted that Standard & Poor’s Rating Services (S&P) has revised its long-term senior unsecured credit rating for Santos from BBB+ to BBB.
The company’s CFO, Andrew Seaton, said that Santos retained an investment grade credit rating from S&P.
Seaton explained: “Santos has a robust funding position, with approximately AUS$2 billion in cash and undrawn debt facilities available as at 30 November 2014.
“S&P in their announcement note Santos’ track record of a conservative funding approach, favourable debt maturity profile and adequate liquidity.
“Furthermore, S&P notes project execution risks are diminishing, with PNG LNG starting production in April 2014 and GLNG 90% complete in November 2014.”
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09122014/santos-remains-positive-despite-rating-drop-1930/
You might also like
INOXCVA's mini LNG terminals: A modular, scalable, reliable, safe, and cost-efficient LNG distribution solution for remote locations and islands.
INOXCVA’s mini LNG terminals offer a modular, scalable, and cost-efficient solution for delivering clean energy to remote regions and islands. With rapid deployment, low CAPEX, and multi-sector utility, they enable LNG-based power, industrial fuel, and mobility where traditional infrastructure is unviable – bridging the last-mile gap in energy access.