S&P rates Western Gas notes BBB-

S&P said it assigned its BBB- issue-level rating to Western Gas Partners LP's proposed senior notes due 2028 and 2048.

The partnership intends to use net proceeds to repay its $350 million senior notes that mature in August 2018 and amounts outstanding under its revolving credit facility.

It will use the remainder to fund general partnership purposes, including planned capital spending.

The issuer credit rating on Western Gas is BBB-, and the outlook is stable.

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