ETRN - Midstream/MLP Credit Ratings Largely Stable In Tough Tape

• With the economic challenges brought by the COVID-19 pandemic providing a kind of stress test for midstream broadly, the lack of widespread ratings downgrades is encouraging.
• Despite the challenges of the last several months, midstream companies with a diverse set of assets and creditworthy counterparties have proven to be well-positioned to withstand a volatile market environment from a credit perspective.
• Debt markets have remained open, with midstream companies able to issue debt at reasonable rates.

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