Southcross Energy Partners (SXE) Updates on Operations, Finacing Tied to TexStar Deal

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S&P Assigns 'B' Rating to Southcross Energy Partners (SXE); Sees 'Weak' Business Risk Profile

July 10, 2014 12:32 PM EDT

Standard & Poor's Ratings Services said today it assigned its 'B' corporate credit rating to Southcross Energy Partners L.P. (NYSE: SXE).

At the same time, we assigned a 'B' issue-level rating and a '3' recovery rating to the $450 million term loan facility due 2021 and $120 million senior secured revolving credit facility due 2019. We expect the partnership to use net... More