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Published on 11/1/2016 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P applies BBB- to EQT Midstream notes

S&P said it assigned its BBB- issue-level rating to EQT Midstream Partners LP's proposed $500 million senior unsecured notes due 2026.

The partnership intends to use the net proceeds to repay amounts outstanding under its $750 million credit facility and for general partnership purposes.

EQT Midstream’s corporate credit rating is BBB- and the outlook is stable.


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