Moody’s boosts Oasis notes

Moody’s Investors Service said it boosted Oasis Midstream Partners LP’s notes to Ba3 from B3 and withdrew its corporate ratings, including its B2-PD probability of default rating.

The upgrade and withdrawal follow Crestwood Equity Partners LP closing its acquisition of Oasis, Moody’s said. The notes are now obligations of Crestwood and rank equally with its notes, which Moody’s rates Ba3.

Concurrently, the agency affirmed Crestwood’s Ba2 ratings.

This action finishes the review for possible upgrade started on Oct. 27, the agency said.

The outlook is stable.

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