Moody's affirms Energy Transfer, could cut Sunoco

Moody's Investors Service said it affirmed Energy Transfer Partners, LP's ratings and placed Sunoco Logistics Partners LP ratings under review for downgrade.

Moody's maintained Energy Transfer's negative outlook on its Baa3 senior unsecured note rating.

Moody's affirmed Sunoco's Ba1 corporate family rating and Ba2 senior unsecured note rating but changed Sunoco's outlook to developing from stable.

The agency said the actions were in response to Energy Transfer's announcement that it will acquire Sunoco's parent, Sunoco, Inc., in a transaction valued at $5.3 billion.

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