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Fitch downgrades Tallgrass, affirms Prairie ECI Acquiror; outlooks negative

Sep 09, 2020 - SNL Energy Finance Daily

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 ...