DOHA: Fitch Ratings yesterday said there will be no rating impact from Nakilat’s transition to in-house vessel management. “Ratings on Nakilat’s senior and junior bonds are not affected by the transition to Nakilat Shipping (Qatar) Limited (NSQL) of the management of the company’s liquefied natural gas (LNG) vessels,’ said the company yesterday. Nakilat had requested that Fitch confirms its existing ratings in connection with the transition and the agency is treating this request as a notification.
Based on the information provided by Nakilat (which consist of the amendments to the master services agreement and each vessel management agreement along with the form of crew manning and administration agreement and the related direct agreements), Fitch has determined that the entry into the relevant documents and the implementation of the vessel management transition arrangements do not have an impact on the existing ratings.
© The Peninsula 2016
