Fitch downgrades Ruby Pipeline

Fitch Ratings said it downgraded Ruby Pipeline LLC's long-term issuer default rating to D from CC, but it affirmed the long-term rating for the senior unsecured notes at CC and the recovery rating revised to RR3 from RR4.

“The D IDR rating reflects Ruby Pipeline's announcement that it has voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code on March 31, 2022,” Fitch said in a press release.

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