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Moody's Investors Service, ("Moody's") assigned a B1 rating to Tallgrass Energy Partners, LP's (TEP) proposed senior unsecured notes due in 2027. TEP's negative outlook and the B1 rating on its existing senior unsecured notes are unchanged.
TEP's negative outlook and the B1 rating on its existing senior unsecured notes are unchanged. Additionally, the ratings of Prairie ECI Acquiror LP (Prairie) including its Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR), B2 term loan rating and its negative rating outlook are unchanged.
Rating Action: Moody's downgrades Prairie's term loan to B2 and TEP's notes to B1; concludes review. Global Credit Research- 06 Feb 2020. New York, February 06, 2020-- Moody's Investors Service, downgraded ...