Moody's assigns B1 rating to Genesis Energy's proposed senior notes
Rating Action: Moody's assigns B1 rating to Genesis Energy's proposed senior notes. Global Credit Research- 09 Jan 2020. New York, January 09, 2020-- Moody's Investors Service, assigned a B1 rating to Genesis Energy LP's proposed senior unsecured notes due 2028. Its existing ratings are unchanged, including the Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating, B1 ratings on the existing senior unsecured notes and the SGL-3 Speculative Grade Liquidity Rating.Genesis Energy is a limited partnership focused on the midstream segment of the crude oil and natural gas industry in the Gulf of Mexico and the Gulf Coast region of the United States. The company provides an integrated suite of services to refiners, crude oil and natural gas producers, and industrial and commercial enterprises and has a portfolio of assets, including pipelines, offshore hub and junction platforms, refinery-related plants, storage tanks and terminals, railcars, rail unloading facilities, barges and other vessels, and trucks. The company has four segments: offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation.
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