S&P has downgraded New Fortress Energy to ‘SD’ due to concerns over the company’s ability to make debt payments. This downgrade comes after the company reported a net loss of $61.4 million in the second quarter of 2021. New Fortress Energy has been struggling with liquidity issues, leading to this credit rating downgrade.

Read more at Investing.com: S&P downgrades New Fortress Energy to ’SD’ amid debt payment issues