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Fitch Affirms MidContinent Express Pipeline at 'BBB'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB' Long-Term Issuer Default Rating (IDR) and senior unsecured rating for MidContinent Express Pipeline, LLC (MEP). The Ratings Outlook is Stable. The affirmation reflects the cash flow stability expected from the pipeline stemming from long-term capacity reservation contracts with a diverse set of counterparties and fairly robust credit metrics given the retirement of $350 million in notes in 2014. Fitch's ratings consider that MEP fa

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