Fitch affirms Western Gas

Fitch Ratings said it affirmed Western Gas Partners, LP's long-term issuer default rating at BBB-.

In addition, the agency affirmed the company’s senior unsecured rating at BBB-.

The outlook is stable.

“WES's ratings reflect its affiliation with its sponsor Anadarko Petroleum (APC; BBB/stable), which is a major counterparty and the owner of WES's general partner,” Fitch said in a news release.

The agency said it believes that Anadarko Petroleum’s significant direct and indirect interests in Western Gas create a strong economic incentive for Anadarko Petroleum to effectively manage Western from a growth, cash flow, and capital structure perspective.

© 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.