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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Archrock Partners, L.P. New York, April 26, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Archrock Partners, L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service (Moody's) assigned a B2 rating to Archrock Partners, L.P.'s (APLP) proposed $500 million senior unsecured notes due 2027. Concurrently, Moody's affirmed the B3 rating on its existing senior unsecured notes. Moody's also affirmed APLP's other ratings, including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating and SGL-3 Speculative Liquidity (SGL) Rating.