Moody's affirms Energy Transfer

Moody's Investors Service said it affirmed Energy Transfer Partners LP's Baa3 senior unsecured ratings and stable outlook.

Moody's said it has assigned Baa3 ratings to Energy Transfer's senior notes offering, adding that proceeds from the offering will be used to repay a $500 million 364-day term loan facility and to repay borrowings under Energy Transfer's revolving credit facility.

The stable outlook reflects Energy Transfer's strong financial and operational performance, its attractive organic growth projects, stated commitment to issue equity and progress toward the resolution of outstanding regulatory issues, the agency noted.

© 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.