Golar LNG Partners Preferred Units: Quarterly Distribution No Longer At Imminent Risk (Rating Upgrade)
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Golar LNG Partners, acquired by New Fortress Energy in 2021, has seen its Preferred Unit distributions secured by an irrevocable letter of support from its parent company. With New Fortress Energy addressing its debt issues, the distributions are no longer at imminent risk.
January 18, 2025 | 10:00 am
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New Fortress Energy, after acquiring Golar LNG Partners, has resolved its debt issues and is supporting Golar's Preferred Unit distributions, reducing risk for investors.
New Fortress Energy's successful debt management and commitment to supporting Golar LNG Partners' distributions indicate financial stability and reliability, likely boosting investor confidence and positively impacting stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80