Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Energy Transfer Partners LP > News item |
Fitch rates Energy Transfer notes BBB-
Fitch Ratings said it assigned a BBB- rating to Energy Transfer Partners, LP's proposed offering of senior notes.
The outlook is stable.
Note proceeds will be used to repay borrowings under the company's revolving credit facility, to fund capital expenditures and for general corporate purposes.
The ratings on the company reflect a significant scale and scope of operations and increasing diversity of assets; favorable asset positioning, which enables benefits from expanding natural gas shale development and associated natural gas liquids production; and adequate liquidity and capital market access, the agency said.
The ratings consider an aggressive growth and acquisition strategy, the depressing effect of low natural gas prices and compressed basis differentials on intrastate pipeline and storage margins and debt leverage ratios modestly above historical norms, the agency added.
© 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.