S&P rates Kinder Morgan notes, loan BBB

Standard & Poor's said it assigned its BBB ratings to Kinder Morgan Energy Partners LP's issuance of $1.25 billion of senior unsecured notes and its $2 billion senior unsecured six-month revolving credit facility. The outlook is stable.

In addition, the agency said it affirmed its BBB corporate credit and A-2 short-term and commercial paper ratings on the company. The company upsized its commercial paper program to $4.2 billion from $2.2 billion.

"Our ratings on KMP reflects the company's 'strong' business risk profile, which partly offsets its 'significant' financial risk profile under our criteria," said S&P credit analyst William Ferara.

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