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Published on 5/31/2022 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch rates EQM notes BB

Fitch Ratings said it rated EQM Midstream Partners LP's planned senior unsecured notes offering BB with an RR4 recovery rating.

The agency affirmed EQM’s senior unsecured ratings on May 24.

EQM is expected to use the proceeds to redeem a portion of the outstanding senior notes due 2023, 2024 and 2025, and for general-corporate purposes.

The outlook is negative.


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