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Moody’s shifts Oryx view to stable
Moody’s Investors Service said it changed the outlook to stable from negative 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 Oryx’s outlook to stable reflects our expectation for leverage to decline toward the mid-5x area this year on higher EBITDA as the company uses free cash flow to repay debt and maintains good liquidity,” said Jonathan Teitel, a Moody’s analyst, in a press release.
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