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Fitch rates Kinder Morgan Energy Partners' debt 'BBB+'.
(From Chemical Business NewsBase - Press Release)
Fitch Ratings has assigned a 'BBB+' rating to Kinder Morgan Energy Partners LP's (KMP) new $500 M of 5.125% senior unsecured notes due 15 Nov 2014. The Rating Outlook is Stable. Note proceeds and net proceeds of nearly $300 M from a recent equity offering will be used to repay short-term debt and fund the upcoming purchase of TransColorado Pipeline from Kinder Morgan Inc (KMI). KMP is the nation's largest master limited partnership. KMI, rated 'BBB', …
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