S&P rates EnLink notes BBB

Standard & Poor’s said it assigned a BBB rating to EnLink Midstream Partners LP’s issuance of $300 million senior unsecured notes due 2045.

The existing BBB rating on the 4.4% notes due 2024 is unchanged following a $100 million add-on to the notes.

The partnership intends to use proceeds to reduce borrowings outstanding on the revolving credit facility, as well as for capital spending and general partnership purposes, S&P said.

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