Fitch changes Western Gas to positive

Fitch Ratings said it affirmed Western Gas Partners LP's long-term issuer default rating and senior unsecured ratings at BBB-.

The outlook was revised to positive from stable.

About $1.9 billion of debt is affected by this action.

Fitch said the positive outlook reflects Western Gas’ relationship and credit linkage with its ultimate sponsor, Anadarko Petroleum Corp. (BBB-/positive). It is also reflective of Western Gas’ stable cash flow profile and relatively strong credit profile with low leverage relative to similarly rated peers, the agency said.

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