Moody's: Access Midstream view positive

Moody's Investors Service said it changed Access Midstream Partners, LP's rating outlook to positive from stable and affirmed its Ba2 corporate family rating and Ba3 senior notes ratings.

"Access Midstream's strong execution on its growth capital spending and rising cash flows since its acquisition of Chesapeake Energy's midstream assets in December 2012 supports the positive outlook," Moody's vice president Pete Speer said in a news release.

"The partnership's growing asset base and declining financial leverage could lead to a ratings upgrade in 2014."

© 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.