...+ EnLink Midstream LLC (ENLC) continues to progress on its previously announced simplification and acquisition of all outstanding common units of master limited partnership (MLP) EnLink Midstream Partners L.P. (EnLink) it does not already own. GIP III Stetson I L.P. and GIP Stetson II L.P (collectively GIP Stetson) are the holding companies that control both ENLC and EnLink. The simplification does not affect our view of GIP Stetson. + We are affirming our 'B+' issuer credit and issue-level ratings on GIP Stetson. + The stable rating outlook reflects our expectation that pro forma for the ENLK simplification, the company will maintain stand-alone adjusted debt leverage in the 3x-4x range over the next 12 months. NEW YORK (S&P Global Ratings) Nov. 19, 2018--S&P Global Ratings today affirmed its 'B+' issuer credit rating on GIP III Stetson I L.P., which owns the general partner of its MLP, EnLink Midstream Partners L.P. The outlook is stable. At the same time, we affirmed our 'B+' issue-level...
