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Prospect News home > News index > List of issuers E > Headlines for EQM Midstream Partners, LP > News item |
S&P assigns EQM Midstream notes BB-
S&P said it gave BB- issue-level and 3 recovery ratings to EQM Midstream Partners LP's planned $800 million senior notes due 2027 and 2030. The 3 recovery rating indicates meaningful (50%-70%; rounded estimate: 55%) recovery in default.
The agency last reviewed EQM’s BB- senior unsecured rating on May 3.
The partnership intends to use the proceeds to repay its notes due 2023, 2024 and 2025.
The outlook is negative.
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