S&P Global Ratings recently revised the outlook on EnLink Midstream LLC (EnLink) to positive from stable on improved performance and expectations of continued EBITDA growth. Given GIP III Stetson I L.P. and GIP III Stetson II L.P. (together Stetson) rely solely on distributions from EnLink to service the debt, our assessment of Stetson's credit profile is dependent on our credit rating on EnLink. Therefore, S&P Global Ratings revised the outlook on GIP III Stetson I L.P. and GIP III Stetson II L.P. to positive from stable and affirmed its 'B-' issuer credit rating on the company. For further details on our rating action on EnLink, please see "EnLink Midstream LLC Outlook Revised To Positive; Issue-Level Ratings Affirmed," published Sept. 1,
