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Prospect News home > News index > List of issuers E > Headlines for EQM Midstream Partners, LP > News item
Published on 1/4/2021 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch rates EQM Midstream notes BB

Fitch Ratings said it assigned a BB/RR4 rating to EQM Midstream Partners LP’s proposed senior unsecured notes offering.

Proceeds are expected to be used to prepay all borrowings under the $1.4 billion senior unsecured term loan maturing August 2022, buy back a portion of the outstanding senior notes due 2023 and 2024 and general partnership purposes.

Fitch currently rates EQM’s long-term issuer default rating BB and the senior unsecured notes and revolver expiring 2023 BB/RR4.

The outlook is negative.


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