Moody's: Energy Transfer notes Ba1

Moody's Investors Service said it rated Energy Transfer Partners LP's newly issued 2066 floating-rate junior subordinated notes Ba1.

These notes were issued subject to a previously announced exchange offer and consent solicitation by ETP to exchange existing Southern Union Co. notes into new ETP notes, which closed effective June 24.

ETP's Baa3 senior unsecured ratings were affirmed and its outlook was maintained as stable.

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