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Moody's rates Inergy Midstream notes B1
Moody's Investors Service said it assigned a Ba3 corporate family rating to Inergy Midstream LP.
Moody's also assigned both a B1 rating to Inergy's proposed $400 million senior unsecured notes due 2020 and a speculative grade liquidity rating of SGL-3.
The outlook is stable.
"The Ba3 ratings reflect Inergy's stable fee-based cash flows, which are balanced against its relatively modest size and MLP business model that entails high distributions and ongoing need to access capital markets," Moody's analyst Arvinder Saluja said in a news release.
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