Fitch gives Western Gas notes BBB-

Fitch Ratings said it assigned a BBB- rating to Western Gas Partners, LP's proposed offering of senior unsecured notes due 2028 and 2048.

The notes are pari passu to the company’s existing senior unsecured notes.

Proceeds are expected to be used to repay borrowings under Western Gas’ existing revolving credit facility and for general partnership purchases, including funding capital expenditures.

Fitch said the ratings reflect Western Gas’ favorable size, scale, geographic and business line diversity, strong credit metrics and good visibility on throughput volumes and associated cash flows related to key Western Gas gathering systems.

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