Moody's Ratings rates EnLink Midstream, LLC's new notes Ba1
Moody's Ratings (Moody's) assigned a Ba1 rating to EnLink Midstream, LLC's (ENLC) proposed offering of backed senior unsecured notes. ENLC's subsidiary is EnLink Midstream Partners, LP (ENLK, and collectively with ENLC, EnLink). ENLC and ENLK's existing ratings and stable rating outlooks are unchang...Enlink Midstream is a holding company. The company's assets consist of equity interests in EnLink Midstream Partners, LP (ENLK). ENLK primarily focuses on providing midstream energy services, including: gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, in addition to brine disposal services. The company's midstream energy asset network includes, among others, natural gas processing plants, fractionators, barge and rail terminals, product storage facilities, and brine disposal wells.
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