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Prospect News home > News index > List of issuers K > Headlines for Kinder Morgan Energy Partners, LP > News item |
Fitch gives Kinder Morgan Energy notes BBB
Fitch Ratings said it assigned a BBB rating to Kinder Morgan Energy Partners, LP's proposed senior notes issuance.
Net proceeds will be used to repay commercial paper and for general corporate purposes.
Kinder Morgan Energy is currently on rating watch negative following the announcement of an acquisition by Kinder Morgan Inc. (BB+; Rating Watch Positive) of Kinder Morgan Energy.
Fitch expects to consolidate Kinder Morgan Energy’s ratings with that of Kinder Morgan and its affiliates at a BBB- issuer-default rating and senior unsecured rating at or near merger close, including this proposed note offering.
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