S&P affirms Antero Midstream

S&P said it affirmed its BB corporate credit rating on Antero Midstream Partners LP. The outlook remains stable.

At the same time, S&P revised its recovery rating on the partnership's senior unsecured notes to 3 from 4. The 3 recovery rating indicates an expectation that lenders will receive meaningful (50%-70%; rounded estimate: 65%) recovery in the event of a payment default.

“Our BB corporate credit rating on Antero Midstream Partners LP (Antero Midstream) reflects our fair assessment of the partnership's business risk profile and our intermediate assessment of its financial risk profile,” S&P said in a news release.

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