Moody’s shifts EPIC Y-Grade view to positive

Moody’s Investors Service said it changed the outlook on EPIC Y-Grade Services LP to positive from stable.

“The change of the outlook to positive reflects Moody’s expectation of timely construction delivery and robust commercial execution on the project, allowing the completed NGL pipeline to ramp up service in the first half of 2020 and enabling EPIC to start organic deleveraging,” said Moody’s in a press release.

Moody’s affirmed the company’s B3 corporate family rating, the B3-PD probability of default rating, the B3 rating assigned to the senior secured notes and the Ba3 rating on the secured revolving credit facility.

© 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.