Fitch gives Williams Partners notes BBB-

Fitch Ratings said it assigned a BBB- rating to Williams Partners LP's $3.5 billion of senior notes.

The agency added that the senior notes are being issued in three tranches due 2015, 2020 and 2040 and are co-issued by Williams Partners Finance Corp.

In addition, Fitch said it has upgraded the issuer default rating and the unsecured debt rating on Williams' and on William Partners Finance's outstanding debt to BBB- from BB and removed them from rating watch positive, where they were placed on Jan. 19, following the announcement that the Williams Cos., Inc. (rated BBB- with a stable outlook by Fitch) was proposing to consolidate its regulated pipeline and midstream operations under Williams.

The outlook is stable.

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