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S&P affirms Kinder Morgan
Standard & Poor's said it affirmed its BBB- corporate credit rating and A-3 short-term credit rating on Kinder Morgan Inc.
The outlook is stable.
As of Sept. 30, 2015, KMI had reported balance-sheet debt of $42.8 billion.
"The rating action reflects our view that KMI's dividend adjustment is credit positive and a prudent and necessary action taken by management in light of very challenging capital market conditions," S&P credit analyst Michael Grande said in a news release.
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