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S&P rates Viper Energy notes BB+, view positive
S&P said it assigned a BB+ rating with a recovery rating of 3 to Viper Energy Partners LP’s proposed $400 million of senior unsecured notes in order to refinance outstanding borrowings under its existing credit facility.
The agency said it assigned a BB+ rating to Viper because it sees the company as a core subsidiary of Diamondback Energy Inc.
The outlook is positive.
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