TGE - Midstream Credit Ratings: Making The (Investment) Grade

Midstream credit ratings are a recurring topic in Alerian Insights (2017, 2016, 2015 3-part series) - not because we're too lazy to think of new topics (OK, that may be a small part of the reason), but because credit ratings are important for midstream companies as prolific project builders. Often, midstream projects are financed with 50% debt. A better credit rating means cheaper debt and better project returns, hence the desirability of investment-grade credit ratings for midstream companies.

In this piece, we'll look at credit ratings for the 59 constituents of

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