Moody's confirms Enogex

Moody's Investors Service said it confirmed the Baa3 senior unsecured rating of Enogex LLC with a stable outlook, concluding the review for possible downgrade that began on Sept. 23.

These rating actions follow the announcement that Enogex's parent company, OGE Energy Corp., and Energy Transfer Partners, LP terminated their agreement to form a joint venture that would have combined Enogex with some of Energy Transfer's businesses in a master limited partnership.

The agency said the termination of the joint venture agreement obviates some potential risks from the transaction that resulted in the rating review.

© 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.