Moody’s assigns Archrock notes B2

Moody’s Investors Service said it assigned a B2 rating to Archrock Partners, LP’s proposed $400 million senior unsecured notes issue due 2028. The notes are being co-issued by Archrock Partners Finance Corp., a wholly owned subsidiary of Archrock. Proceeds will be used to repay borrowings under the company’s revolving credit facility and for general corporate purposes. None of Archrock’s other ratings are affected by the note offering, S&P said.

The proposed senior notes are rated B2, one notch below the company’s B1 corporate family rating. The notes are guaranteed by Archrock’s parent, Archrock, Inc., which also guarantees the company’s revolving credit facility and its senior unsecured notes due 2027.

The outlook is stable.

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