DBRS ups Kinder Morgan, cuts Kinder Morgan Energy

DBRS said it upgraded the issuer rating and senior notes and debentures rating of Kinder Morgan, Inc. to BBB (low) from BB.

Concurrently, the agency downgraded the medium-term notes and unsecured debentures rating of Kinder Morgan Energy Partners, LP to BBB (low) from BBB (high).

All trends are stable.

At the same time, DBRS discontinued the issuer rating of Kinder Morgan Energy and the Recovery Rating for Kinder Morgan.

The actions follow the closing of the merger whereby Kinder Morgan consolidated its subsidiaries under a single corporate structure by acquiring all of the outstanding equity securities of Kinder Morgan Energy, Kinder Morgan Management, LLC and El Paso Pipeline Partners LP.

All ratings were removed from under review where they were placed when the merger was announced

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