DBRS confirms Kinder Morgan

DBRS said it confirmed the issuer rating and senior notes and debentures rating of Kinder Morgan, Inc. at BBB (low). DBRS has concurrently confirmed the medium-term notes and unsecured debentures rating of KMI’s wholly owned subsidiary, Kinder Morgan Energy Partners, LP (KMP), at BBB (low).

All trends are stable.

DBRS said the ratings reflect the company’s relatively stable cash flows generated from its well-diversified portfolio of contracted and fee-based energy infrastructure assets. KMI’s ratings are constrained by its leverage, substantial growth-capital needs and exposure to commodity price and volume risks in its oil-production-related business.

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