Fitch stabilizes Delek Logistics view

Fitch Ratings said it revised the outlook for Delek Logistics Partners, LP (DKL) to stable from negative and affirmed its long-term issuer default rating at BB-, and the senior unsecured notes at BB-/RR4. The notes are co-issued by Delek Logistics Finance Corp.

“The outlook revision follows a similar outlook change at DKL's sponsor and largest counterparty, Delek US Holdings, Inc (Delek Holdings; BB-/stable) to stable from negative, reflecting stronger performance due to improvement in the refining sector and increased demand profile. DKL's rating is supported by fairly stable cash flows underpinned by minimum volume commitments (MVC) from Delek Holdings,” Fitch said in a press release.

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