Summary: Cheniere Energy Partners L.P Feb 13
- ID: 2417129
- February 2013
- Standard & Poors
Standard & Poor's Ratings Services bases its rating on Cheniere Energy Partners L.P. (CQP) on a consolidated approach to CQP and its general partner parent CEI. The rating reflects a "fair" business risk profile and an "aggressive" financial risk profile under our criteria. The fair business risk profile reflects our expectation of stable cash flows from CQP's Sabine Pass LNG L.P. (SPLNG) regasification terminal, its more substantial future cash flows from its Sabine Pass Liquefaction (SPL) export terminal once completed, and our expectation that CQP may seek to grow through drop-downs from its parent and additional project development in the meantime. Both of CQP's subsidiary liquefied natural gas (LNG) projects rely primarily on long-term, take-or-pay capacity-based fee contracts with creditworthy...
Companies mentioned in this report are:
- Cheniere Energy Partners L.P
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