Fitch affirms Kinder Morgan

Fitch Ratings said it affirmed Kinder Morgan Energy Partners, LP's issuer default rating at BBB, senior unsecured debt at BBB, short-term issuer default rating at F2 and short-term debt at F2.

The outlook is stable.

The ratings reflect the company's significant scale and scope of operations, geographic and functional diversity of assets, a favorable track record and predictable earnings and cash flow, Fitch said.

With capital-market financing having been favorably completed at two large Kinder Morgan-sponsored joint ventures, future project financing risk and its obligations as a bank debt guarantor have been reduced, the agency said.

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