Doha, February 25 (QNA) – Qatar’s gas shipping group Nakilat has retained its high-grade credit ratings from Standard & Poor’s, underlining the company’s financial strength amid steady global demand for liquefied natural gas (LNG).

In a statement published on the Qatar Stock Exchange on Wednesday, Nakilat said that S&P Global Ratings had affirmed the long-term issue credit rating of its subsidiary, Nakilat Inc., at AA-.

The agency also confirmed the company’s subordinated debt rating at A+, maintaining a stable outlook on both ratings.

Nakilat Inc. is a subsidiary of Qatar Gas Transport Company (Nakilat), one of the world’s largest owners of LNG carriers. The parent company is listed on the Qatar Stock Exchange.

An AA- rating indicates a very strong capacity to meet financial commitments, with only a very low expectation of credit risk. The A+ rating assigned to the subordinated debt reflects its lower repayment priority compared with senior secured obligations.

S&P’s stable outlook suggests the agency expects the company’s financial profile and cash flows to remain resilient over the near to medium term.

Nakilat plays a central role in transporting Qatar’s LNG exports to global markets, forming part of the Gulf state’s broader strategy to maintain its position as one of the world’s leading LNG producers. (QNA)