Qatar: Qatar Gas Transport Co's (Nakilat) bonds have been affirmed by Fitch Ratings at 'A+'/'A-' with 'Stable' outlook, the Peninsula has reported. The affirmations reflect the project's stable operating and financial performance, the ratings agency said. Nakilat recently completed the refinancing of $917m commercial bank facilities, due in 2019, through the issuance of bank debt for an equal amount maturing in 2025. "Fitch considers the concentration of the refinancing risk on a single year as a weakening of the debt structure, but does not materially impair the project's ability to raise the required debt," said Fitch. [AMEInfo.com]
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