Fitch gives Rockies Express stable view

S&P said it affirmed and removed Rockies Express Pipeline LLC’s BB+ ratings from rating watch negative and assigned a stable outlook. The recovery rating on unsecured debt remains RR4.

“The ratings were placed on RWN in January due to a customer bankruptcy. Since then, customer Gulfport Energy Corporation (GPOR; B/positive) has emerged from bankruptcy and accessed the debt markets,” Fitch said in a press release.

The agency noted negotiations exceeded its expectations with Gulfport extracting less of a concession than Fitch had thought it would.

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