New fortress energy announces credit rating upgrade by s&p global ratings

New york--(business wire)--new fortress energy inc. (nasdaq: nfe) (“nfe” or the “company”) today announced that s&p global ratings (“s&p”) has upgraded nfe's issuer credit rating to ‘bb-'/stable outlook from ‘b+'. s&p based the rating upgrade on nfe's growing cash flow as it supplies lng volumes across a more diversified asset base. in the year since nfe's previous ratings forecast, the company has expanded its presence from 3 terminals serving 37 customers to 11 terminals operating
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