EQT Midstream Partners (EQM) Tops Q2 EPS by 12c

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Go back to EQT Midstream Partners (EQM) Tops Q2 EPS by 12c

S&P Affirms Ratings, Outlook on EQT Midstream Partners (EQM) Folliwng Q2 Results

July 29, 2016 3:51 PM EDT

S&P Global Ratings Services said today that it affirmed its 'BBB-' corporate credit rating and 'BBB-' senior unsecured debt rating on EQT Midstream Partners L.P. (NYSE: EQM). The outlook is stable.

"The rating action reflects the fact that EQT Midstream has maintained credit measures and financial ratios that are considerably stronger than our previous expectations and well below the partnership's long-term financial targets," said S&P Global Ratings credit analyst Michael Grande.

Total adjusted debt to EBITDA is about 1.2x as of June 30, 2016 and we expect... More