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S&P assigns BBB to Kinder Morgan notes
S&P said it assigned its BBB issue-level rating to Kinder Morgan Inc.'s upcoming sale of senior unsecured notes due 2029 and 2034.
The rating is in line with those on Kinder Morgan’s outstanding senior unsecured notes.
The company intends to use the proceeds for general corporate purposes, including to repay outstanding commercial paper, refinance upcoming debt maturities, and partially finance its acquisition of STX Midstream.
The outlook is stable.
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