Home Credit Ratings and Research S&P Global Ratings’ Credit Research EQM Midstream Partners L.P.

EQM Midstream Partners L.P. 's Debt Issuance Rated 'BB-'; Pipeline Project Delay Will Not Affect Rating

Published Jun 16, 2020

3 pages (1513 words) — Published Jun 16, 2020

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Abstract:

NEW YORK (S&P Global Ratings) June 16, 2020--S&P Global Ratings today assigned its 'BB-' rating to EQM Midstream Partners L.P.'s (EQM) senior unsecured notes due in both 2025 and 2027. The company will use the proceeds to repay revolving credit facility borrowings, and as a result total indebtedness and credit metrics are not affected. The recovery rating is '3'. The 'BB-' issuer credit rating and negative outlook are unaffected. In an unrelated announcement on June 11, 2020, Mountain Valley Pipeline LLC said it now expects the Mountain Valley Pipeline (MVP), of which EQM is about 45% owner, to be in service in early 2021 rather than year-end 2020; the company cited judicial decisions and regulatory changes for the delay, and

Report Type:

Ratings Action

Issuer

EQM Midstream Partners L.P.

GICS

Oil & Gas Storage & Transportation (10102040)

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

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EQM Midstream Partners L.P.'s Proposed Senior Unsecured Notes Rated 'BB-' – 2021/01/04 – US$ 150.00

EQM Midstream Partners' Proposed $800 Million Notes Due 2027 And 2030 Rated 'BB-' (Recovery: '3') – 2022/05/31 – US$ 150.00

Equitrans Midstream Corp. And EQM Midstream Partners Issuer Credit And Issue-Level Ratings Withdrawn – 2025/05/12 – US$ 150.00

EQM Midstream Partners L.P. Rating Lowered Following Counterparty Downgrade; Outlook Negative – 2020/02/04 – US$ 150.00

Research Update: EQM Midstream Partners L.P. Rating Lowered Following Counterparty Downgrade; Outlook Negative – 2020/02/04 – US$ 225.00

EQM Midstream Partners L.P. Outlook Revised To Negative; 'BBB-' Rating Affirmed – 2019/03/22 – US$ 150.00

Research Update: EQM Midstream Partners L.P. Outlook Revised To Negative; 'BBB-' Rating Affirmed – 2019/03/22 – US$ 225.00

EQM Midstream Partners LP Rating Affirmed As Strengthening Cash Flow Offsets Deleveraging Delays; Outlook Stable – 2018/11/13 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "EQM Midstream Partners L.P. 's Debt Issuance Rated 'BB-'; Pipeline Project Delay Will Not Affect Rating" Jun 16, 2020. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/EQM-Midstream-Partners-L-P-s-Debt-Issuance-Rated-BB-Pipeline-Project-Delay-Will-Not-Affect-Rating-2462528>

APA:	S&P Global Ratings’ Credit Research. (). EQM Midstream Partners L.P. 's Debt Issuance Rated 'BB-'; Pipeline Project Delay Will Not Affect Rating Jun 16, 2020. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/EQM-Midstream-Partners-L-P-s-Debt-Issuance-Rated-BB-Pipeline-Project-Delay-Will-Not-Affect-Rating-2462528>

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