Moody's revises Hess Midstream view to stable

Moody's Investors Service said it changed the outlook of Hess Midstream Operations LP to stable from positive. The agency affirmed all the partnership’s ratings, including its Ba2 corporate family rating, its Ba2-PD probability of default rating and the Baa3 rating on its secured revolving credit facility and $400 million term loan A. The speculative grade liquidity rating remains SGL-2.

"The change in HESM Opco's outlook to stable reflects limited ratings upside potential in the currently challenged crude oil and natural gas price environment," said Andrew Brooks, a Moody's vice president, in a press release. "HESM Opco shares a strong, well-structured contractual relationship with Hess and the integrated midstream services it owns and operates in support of Hess' production in the Bakken Shale."

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