S&P affirms Archrock Partners

S&P said it affirmed its B corporate credit rating on Archrock Partners LP. The outlook remains stable.

At the same time, S&P affirmed its B- issue-level rating on the partnership's senior unsecured notes. The 5 recovery rating remains unchanged, indicating an expectation for modest (10%-30%; rounded estimate: 25%) recovery in the event of a payment default.

“The B corporate credit rating on Archrock reflects our weak assessment of the partnership's business risk profile and our highly leveraged assessment of its financial risk profile. We now expect the company to maintain adjusted debt-to-EBITDA of approximately 5.5x in 2018,” S&P said in a news release.

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