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S&P has downgraded Consolidated Energy Ltd (CEL) from B to CCC+ due to liquidity concerns and production challenges, reflecting its junk-bond status. The company faces a $224 million debt maturity in 2026 and has reported a 13% decline in methanol sales amid production interruptions, with weak cash flow exacerbating its financial instability. S&P maintains a stable outlook for CEL's CCC+ rating, contingent on favorable economic conditions.