|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (5Y Monthly)||N/A|
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Moody's Investors Service ("Moody's") has withdrawn Andeavor Logistics LP's (ANDX) Baa3 senior unsecured rating. The withdrawal of ANDX's rating also concludes the review for upgrade upon which ANDX was initially placed on April 30, 2018. This action follows MPLX LP's (MPLX, Baa2 stable) completion of its offer to exchange MPLX senior notes for notes issued by ANDX.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Andeavor Logistics LP 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service ("Moody's") upgraded MPLX LP's (MPLX) senior unsecured debt rating to Baa2 from Baa3. At the same time, Moody's upgraded the ratings of Andeavor Logistics LP (ANDX) including its senior unsecured debt to Baa3 from Ba1, and its preferred equity to Ba2 from Ba3.