Report
Moody's Investors Service
EUR 157.81 For Business Accounts Only

Moody's rates Energy Transfer LP Baa3 with negative outlook; preferred units Ba2

Rating Action: Moody's rates Energy Transfer LP Baa3 with negative outlook; preferred units Ba2. Global Credit Research- 02 Apr 2021. New York, April 02, 2021-- Moody's Investors Service assigned a Baa3 issuer rating to Energy Transfer LP and Ba2 ratings to all series of its Cumulative Redeemable Perpetual Preferred Units.
02/04/2021 6 EN
Underlyings
Energy Transfer L.P.
Energy Transfer L.P.

Energy Transfer is a holding company. Through its subsidiaries, the company is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage and interstate natural gas transportation and storage, and crude oil, natural gas liquid (NGL) and refined products transportation, terminalling services and acquisition and marketing activities. In addition, the company owns investments in other businesses. The company's segments include: intrastate transportation and storage; interstate transportation and storage; midstream; NGL and refined products transportation and services; crude oil transportation and services; investment in Sunoco LP; investment in USAC; and all other.

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US29273V1008 New York Stock Exchange United States
Energy Transfer Operating, L.P.
Energy Transfer Operating, L.P.

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Provider
Moody's Investors Service
Moody's Investors Service

​Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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