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| Prospect News home > News index > List of issuers E > Headlines for El Paso Pipeline Partners, LP > News item |
Fitch updates El Paso watch
Fitch Ratings said it maintained the Rating Watch negative on El Paso Corp. ahead of the final close of its acquisition by Kinder Morgan Inc.
El Paso has an issuer default rating of BB+, $1.25 billion senior secured revolving credit facility (2016) rated BBB- and senior notes rated BB+.
Fitch also placed on Rating Watch positive El Paso Natural Gas Co. issuer default rating of BBB- and senior unsecured debt rated BBB-, as well as Tennessee Gas Pipeline Co.'s issuer default rating of BBB- and senior unsecured debt rated BBB-.
The agency affirmed El Paso Pipeline Partners Operating Co.'s issuer default rating of BBB- and senior unsecured debt at BBB-.
Fitch upgraded Colorado Interstate Gas Co.'s issuer default rating to BBB from BBB- and its senior unsecured debt to BBB from BBB-, and Southern Natural Gas Co.'s issuer default rating to BBB from BBB- and senior unsecured debt to BBB from BBB-.
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