Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MarkWest Energy Partners LP > News item |
S&P affirms MarkWest, ups notes
Standard & Poor's said it affirmed its B+ corporate credit rating on MarkWest Energy Partners LP.
At the same time, the agency said it raised its issue rating on the company's $1 billion senior unsecured notes due 2014, 2016 and 2018 to B+ from B and raised the recovery rating to 4 from 5.
The outlook is stable.
According to S&P, the rating action reflects the improved recovery prospects of the unsecured lenders following the repayment of the secured term loan using proceeds from the upsized offering of senior unsecured notes due 2018.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.