Holly Energy Partners, L.P.: Update to Discussion of Key Credit Factors
CORPORATES CREDIT OPINION 28 December 2016 Update RATINGS Holly Energy Partners, L.P. Domicile Dallas, Texas, United States Long Term Rating Ba3 Type LT Corporate Family Ratings - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Arvinder Saluja, CFAHolly Energy Partners operates a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Idaho and Washington. The company has two segments: Pipelines and Terminals, which transports light refined products from HollyFrontier Corporation's (HFC's) Navajo refinery in New Mexico and Delek US Holdings, Inc.'s Big Spring refinery in Texas; and Refinery Processing Unit, which supports HFC's refineries daily operations, which chemically transform crude oil into various petroleum products, including gasoline, diesel, liquefied petroleum gases, asphalt.
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