DBRS puts Kinder Morgan under review

DBRS said it placed the issuer rating and medium-term notes and unsecured debentures rating of BBB (high) for Kinder Morgan Energy Partners, LP under review with negative implications.

Concurrently, DBRS placed the issuer rating and senior notes and debentures rating of BB (recovery rating RR4) for Kinder Morgan Inc. under review with positive implications.

The rating action follows the announcement that Kinder Morgan Inc. will consolidate its subsidiaries under a single corporate structure by acquiring all of the outstanding equity securities of Kinder Morgan Energy Partners, Kinder Morgan Management, LLC and El Paso Pipeline Partners LP for approximately $44 billion.

© 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.