Summit Midstream Partners L.P. Debt Rating Raised To 'B+'; Recovery Rating Revised To '4' On Criteria Revision - S&P Global Ratings’ Credit Research

Summit Midstream Partners L.P. Debt Rating Raised To 'B+'; Recovery Rating Revised To '4' On Criteria Revision

Summit Midstream Partners L.P. Debt Rating Raised To 'B+'; Recovery Rating Revised To '4' On Criteria Revision - S&P Global Ratings’ Credit Research
Summit Midstream Partners L.P. Debt Rating Raised To 'B+'; Recovery Rating Revised To '4' On Criteria Revision
Published Dec 21, 2016
Published Dec 21, 2016
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Dec. 21, 2016--S&P Global Ratings said today that it has reviewed its recovery and issue-level ratings on C that were labeled as "under criteria observation" (UCO) after publishing its revised recovery ratings criteria on Dec. 7, 2016. With our criteria review complete, we are removing the UCO designation from these ratings and are raising the issue-level rating to 'B+' from 'B' and revising the recovery rating to '4' from '5', reflecting our expectation of average (30%-50%; lower half of the range) in the event of a payment default. These rating actions stem solely from the application of our revised recovery criteria and do not reflect any change in our assessment of the corporate credit rating.

  
Report Type:

Ratings Action

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

  
MLA:
S&P Global Ratings’ Credit Research. "Summit Midstream Partners L.P. Debt Rating Raised To 'B+'; Recovery Rating Revised To '4' On Criteria Revision" Dec 21, 2016. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summit-Midstream-Partners-L-P-Debt-Rating-Raised-To-B-Recovery-Rating-Revised-To-4-On-Criteria-Revision-1777777>
  
APA:
S&P Global Ratings’ Credit Research. (). Summit Midstream Partners L.P. Debt Rating Raised To 'B+'; Recovery Rating Revised To '4' On Criteria Revision Dec 21, 2016. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summit-Midstream-Partners-L-P-Debt-Rating-Raised-To-B-Recovery-Rating-Revised-To-4-On-Criteria-Revision-1777777>
  
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