Fitch downgrades Tallgrass, affirms Prairie ECI Acquiror; outlooks negative
The rating agency's downgrade on Tallgrass is based on a forecast of fundamentals that are worse than what Fitch expected previously, and Prairie's affirmed rating is the outcome of its reviewed parent-subsidiary linkage judgment.
Fitch Ratings on Sept. 8 downgraded Tallgrass Energy Partners LP's issuer default rating to BB- from BB and affirmed Prairie ECI Acquiror LP's issuer default rating at B+. Outlooks have been changed to negative from stable.
The rating agency's downgrade on ...