S&P revises Access Midstream recovery to 4

Standard & Poor's said it revised its recovery rating on Access Midstream Partners LP's senior unsecured notes to 4 from 3. The 4 recovery rating indicates S&P's expectation for average (30% to 50%) recovery if a payment default occurs.

The BB- senior unsecured rating remains unchanged.

S&P said the revision follows the partnership recently upsizing its senior secured revolving credit facility to $1.75 billion from $1 billion.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.