S&P revises EQM Midstream view to negative

S&P said it affirmed its BBB- issuer rating on EQM Midstream Partners LP and revised the outlook to negative from stable.

At the same time, EQM announced the acquisition of Eureka and Hornet Midstream Holdings from Morgan Stanley Infrastructure Fund for $1.03 billion.

“The negative outlook reflects uncertainty around the timing of completion and final project costs of Mountain Valley Pipeline,” S&P said in a news release.

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