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Fitch rates Hess Midstream notes BB+
Fitch Ratings said it assigned BB+/RR4 ratings to Hess Midstream Operations LP's (HESM OpCo) planned senior unsecured notes.
The agency rates HESM OpCo’s other senior unsecured notes BB+/RR4
The proceeds are expected to be used to repay the borrowings under HESM OpCo's revolving credit facility that were used to fund the about $400 million repurchase of sponsor held class B units.
The outlook is positive.
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