Fitch gives Tallgrass notes BB-

Fitch Ratings said it assigned BB-/RR4 ratings to Tallgrass Energy Partners, LP’s proposed issuance of senior unsecured notes. Tallgrass Energy Finance Corp. is a co-issuer of the proposed notes.

Proceeds will be used to pay the cash consideration of a debt tender for notes coming due October 2023, among other means of providing for notes’ repayment.

Tallgrass’ outlook is negative.

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