Fitch: Kinder Morgan notes BBB

Fitch Ratings said it assigned a BBB rating to Kinder Morgan Energy Partners, LP's $375 million 4.15% notes due 2022 and $375 million 5.625% notes due 2041.

The outlook is stable.

The proceeds will be used to repay short-term debt and for general corporate purposes.

The ratings reflect the company's significant scale and scope of operations, along with its geographic and functional diversity of assets, Fitch said.

The ratings also consider its exposure to interest rates on more than $5 billion of variable rate debt and its aggressive expansion spending, the agency said.

© 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.