Fitch: DCP Midstream outlook stable

Fitch Ratings said it affirmed DCP Midstream, LLC’s (DCP) long-term issuer default rating at BB+, senior secured rating at BB+/RR4, senior unsecured rating at BB+/RR4 and junior subordinated notes at BB-/RR6.

The agency also affirmed DCP Midstream Partners, LP’s (DPM) long-term issuer default rating at BBB-, senior unsecured rating at BBB- and short-term issuer default rating and commercial paper rating at F3.

DCP's outlook is stable. DPM's outlook was been revised to stable from negative.

Fitch said the stable outlook reflects its continued expectation for volume weakness in select regions offset in part by DPM's fixed fee and hedged positions for the balance of 2016 and for 2017 and limited expected capital needs.

© 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.