Fitch alters Hess Midstream view to positive

Fitch Ratings said it changed the outlook to positive from stable and affirmed Hess Midstream Operations LP's (HESM OpCo) long-term issuer default rating at BB+. The agency also affirmed the senior secured rating at BBB-/RR1 and the senior unsecured rating at BB+/RR4.

“HESM OpCo's ratings and outlook revision reflect the strength of the high-quality counterparty, Hess Corp. (Hess), which has a long-term IDR of BBB- and a positive outlook. Hess' positive outlook reflects Fitch's expectation of increasingly positive FCF as low-cost Guyana phases are completed and improve the company's cash flow profile, assuming a reasonably supportive oil price environment,” Fitch said in a press release.

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