S&P: Kinder Morgan notes BBB

Standard & Poor's said it assigned a BBB rating to Kinder Morgan Energy Partners LP's proposed $1 billion senior unsecured note issuance.

The proceeds will be used to repay commercial-paper debt and for general corporate purposes.

The outlook is stable.

The rating reflects the partnership's strong business risk profile, which is offset by its significant financial risk profile, S&P said.

The rating also considers the link between Kinder Morgan Energy Partners and its lower-rated parent, Kinder Morgan Inc., 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.