Moody's lifts MarkWest

Moody's Investors Service said it upgraded the corporate family rating for MarkWest Energy Partners, LP to Ba2 from Ba3.

In addition, Moody's upgraded the senior unsecured note rating to Ba3 from B1.

The outlook is stable.

"The upgrade in the corporate family rating reflects the progress MarkWest has made in bringing down its leverage despite an aggressive capital spending program," said Stuart Miller, Moody's senior analyst.

"MarkWest is well-positioned to continue its growth, particularly in Appalachia where activity levels in the Marcellus Shale, and possibly the Utica Shale, will require significant infrastructure investment over the next five to 10 years."

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