Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kinder Morgan Energy Partners, LP > News item |
Fitch rates Kinder Morgan Energy notes BBB
Fitch Ratings said it assigned a BBB rating to Kinder Morgan Energy Partners, LP's $625 million 3.45% senior notes due 2023 and $625 million 5% senior notes due 2042.
The outlook is stable.
The proceeds will be used to pay a portion of the purchase price for the acquisition of certain assets described below.
Kinder Morgan, Inc. is the owner of the 2% general partner and about 11% limited partner interests in Kinder Morgan Energy Partners.
The ratings reflect the significant and growing scale and scope of its operations and its geographic and functional diversity of assets, the agency said.
Credit concerns include the company's relationship with Kinder Morgan, exposure to interest rates on about $6 billion of variable rate debt and the modestly negative effects of weak economies on asset utilization, Fitch 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.