S&P: Access Midstream unchanged after add-on

Standard & Poor's said the BB rating and 4 recovery rating on Access Midstream Partners LP's and ACMP Finance Corp.'s $350 million 5.875% senior unsecured notes due 2021 are unchanged after a proposed add-on of $400 million to the issue.

The notes will total $750 million.

The recovery rating of 4 indicates 30% to 50% expected default recovery.

The partnership intends to use net proceeds for general partnership purposes, including debt repayment and capital spending.

The company's corporate credit rating is BB and the outlook is stable.

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