S&P assigns EQM notes BB-

S&P said it assigned its BB- with 3 recovery ratings to EQM Midstream Partners LP’s senior unsecured notes due in both 2025 and 2027.

The company will use the proceeds to repay revolving credit facility borrowings, and as a result, total indebtedness and credit metrics are not affected, S&P said.

The BB- issuer rating and negative outlook are unaffected, the agency said.

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