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S&P changes EQM Midstream view to stable
S&P said it revised the outlooks on EQM Midstream Partners LP and its parent EQM Midstream Corp. (Equitrans) to stable from negative. Last month S&P revised the outlook for EQM’s primary customer to stable from negative.
“The stable outlook on EQT captures improved market conditions, higher discretionary cash flows, and generally lower refinance risk,” S&P said in a press release.
The agency said it also affirmed the BB- issuer credit ratings on both EQM and Equitrans and the BB- issue-level rating on EQM’s senior unsecured debt.
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