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Published on 12/18/2013 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P: Western Gas to negative

Standard & Poor's said it revised the outlook on Western Gas Partners LP to negative from stable.

The agency also said it affirmed the company's BBB- corporate credit rating.

The ratings reflect parent company Anadarko's credit metrics, as well as Western Gas' satisfactory business risk profile and significant financial risk profile, S&P said.

The outlook revision mirrors that of Anadarko due to the partnership's close business ties and tight integration with its parent company, said William Ferara, an S&P analyst.


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