Moody's stabilizes EQM Midstream outlook

Moody's Investors Service said it changed EQM Midstream Partners, LP's outlook to stable from negative and affirmed EQM's Ba3 ratings.

"While MVP completion uncertainty continues to remain a drag on EQM's credit profile, cash flow from EQM's base business continues to remain strong and its anchor shipper EQT's credit profile has substantially improved," commented Sreedhar Kona, a Moody's senior analyst, in a press release.

"EQM's debt leverage mitigation strategy to manage through MVP's uncertainty and its resolution of contractual and legal disputes with EQT support its stable outlook," Kona added.

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