Moody's lifts Regency Energy view to positive

Moody's Investors Service said it affirmed Regency Energy Partners LP's Ba3 corporate family rating, Ba3-PD probability of default rating and B1 senior unsecured notes rating.

The outlook was changed to positive from stable.

Moody's also affirmed Southern Union Co.'s Baa3 rating and stable outlook.

These actions are in response to news that Regency will acquire Southern Union Gathering Co., LLC in a $1.5 billion cash and units transaction.

The acquisition will further enlarge the already sizable scope and scale of Regency's midstream footprint, Moody's said.

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