Moody's downgrades Buckeye's notes to B1; concludes review
Rating Action: Moody's downgrades Buckeye's notes to B1; concludes review. Global Credit Research- 04 Nov 2019. New York, November 04, 2019-- Moody's Investors Service downgraded Buckeye Partners, L.P.' s senior unsecured notes to B1 from Baa3 and its junior subordinated notes to B2 from Ba1 following the close of Buckeye's acquisition by IFM Global Infrastructure Fund on November 1, 2019. Moody's affirmed Buckeye's other ratings, including its Ba3 Corporate Family Rating.
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