EQT Midstream Partners L.P.'s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-' - S&P Global Ratings’ Credit Research

EQT Midstream Partners L.P.'s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-'

EQT Midstream Partners L.P.'s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-' - S&P Global Ratings’ Credit Research
EQT Midstream Partners L.P.'s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-'
Published Nov 01, 2016
3 pages (1188 words) — Published Nov 01, 2016
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Nov. 1, 2016--S&P Global Ratings today assigned its 'BBB-' issue-level rating to EQT Midstream Partners L.P.'s proposed $500 million senior unsecured notes due 2026. The partnership intends to use the net proceeds of the notes to repay amounts outstanding under its $750 million credit facility and for general partnership purposes. Pittsburgh-based EQT Midstream is a midstream energy master limited partnership that develops and operates natural gas transmission, storage, and gathering assets in the Appalachian Basin. Our corporate credit rating on EQT Midstream is 'BBB-', and the outlook is stable. (For the corporate credit rating rationale, see our research update on EQT Midstream published July 29, 2016, and our summary analysis on EQT Corp. published March

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Nov. 1, 2016--S&P Global Ratings today assigned its '###-' issue-level rating to EQT Midstream Partners L.P.'s proposed $500 million senior unsecured notes due 2026. The partnership intends to use the net proceeds of the notes to repay amounts outstanding under its $750 million credit facility and for general partnership purposes. Pittsburgh-based EQT Midstream is a midstream energy master limited partnership that develops and operates natural gas transmission, storage, and gathering assets in the Appalachian Basin. Our corporate credit rating on EQT Midstream is '###-', and the outlook is stable. (For the corporate credit rating rationale, see our research update on EQT Midstream published July 29, 2016, and our summary analysis on EQT Corp. published March 8, 2016, on RatingsDirect.) RELATED CRITERIA AND RESEARCH Related Criteria + Criteria - Corporates - General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014...

  
Report Type:

Ratings Action

Issuer
EQM Midstream Partners LP
GICS
Oil & Gas Storage & Transportation (10102040)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "EQT Midstream Partners L.P.'s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-'" Nov 01, 2016. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/EQT-Midstream-Partners-L-P-s-Proposed-500-Million-Senior-Unsecured-Notes-Rated-BBB-1748330>
  
APA:
S&P Global Ratings’ Credit Research. (). EQT Midstream Partners L.P.'s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-' Nov 01, 2016. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/EQT-Midstream-Partners-L-P-s-Proposed-500-Million-Senior-Unsecured-Notes-Rated-BBB-1748330>
  
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