Fitch affirms DCP Midstream

Fitch Ratings said it affirmed its BBB- long-term issuer default and senior unsecured ratings on DCP Midstream Partners LP. The outlook is stable.

The agency said the ratings are reflective of the significant benefits and strong operational and financial linkage that the company has with its sponsor and general partner, DCP Midstream, LLC and indirectly with DCP Midstream's owners, Spectra Energy Corp. and Phillips 66.

Fitch said the ratings also reflect the ongoing improvement in DCP Midstream Partners' stand-alone credit profile as credit metrics and business risk continue to move more in line with other investment grade master limited partnerships possessing asset bases with similar operational and business risk profiles.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.