DBRS reviews Kinder Morgan

DBRS said it placed the BBB (low) senior notes and unsecured debentures rating of Kinder Morgan Kansas, Inc. and the BBB (high) medium-term notes and unsecured debentures ratings of Kinder Morgan Energy Partners, LP under review with negative implications.

Kinder Morgan Kansas is 100% owned by Kinder Morgan, Inc. and directly and indirectly owns an effective 13% interest (and a 50% economic interest) in Kinder Morgan Energy.

The actions follow Kinder Morgan's plans to acquire all of the outstanding shares of El Paso Corp. for $38 billion, or $26.87 per share, including the assumption of about $16.7 billion of consolidated debt and other adjustments, according to the agency.

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