Fitch changes view on EnLink Midstream to negative

Fitch Ratings said it revised its outlooks for EnLink Midstream, LLC and EnLink Midstream Partners, LP to negative from stable.

Fitch cited a negative revision of guidance from EnLink Midstream LLC and continued weakness in the company’s key operation in Oklahoma. Fitch said it sees higher leverage for EnLink than it had forecasted previously.

The agency affirmed the long-term issuer default ratings and senior unsecured ratings of BBB-. It also affirmed EnLink Midstream Partners’ preferred equity rating of BB.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.