Impact on Dolphin, Nakilat & RasGas From Strait of Hormuz Potential Closure
Fitch Ratings-London-16 January 2012: Fitch Ratings notes the increase in tensions in the Persian Gulf and the Iranian threat to close the Strait of Hormuz, a crucial transit route for global hydrocarbon trade. Whilst Fitch considers that this is a low probability scenario, a closure, if protracted, would have a significant impact on the operations of Fitch-rated energy issuers in Qatar and Abu Dhabi. Debt service would not be affected in the short term due to significant debt service reserves. Leer más…