Moody's alters Oryx Midstream view to negative

Moody's Investors Service said it changed the outlook to negative from stable and affirmed Oryx Midstream Holdings LLC's corporate family rating at B2, probability of default rating at B2-PD and senior secured term loan rating at B2.

"The change in outlook to negative for Oryx reflects our expectation for leverage to remain higher for longer because of the negative effect on volumes from weak commodity prices and lower upstream capital spending," said Jonathan Teitel, a Moody's analyst, in a press release.

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