Moody’s views Midstream positively

Moody's Investors Service said it changed the outlook to positive from stable and affirmed NorthRiver Midstream Finance LP's Ba3 corporate family rating, Ba3-PD probability of default rating and Ba3 senior secured ratings.

"The positive outlook reflects our forecast that NorthRiver's deleveraging trend will continue, with debt to EBITDA settling under 5x in 2023," said Whitney Leavens, a Moody's analyst, in a press release.

"Free cash flow will support some debt reduction, complemented by modest EBITDA growth," she added.

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