Moody's withdraws ratings on Holly Energy Partners' remaining notes outstanding due to lack of sufficient information
Moody's Investors Service ("Moody's") has withdrawn all ratings on Holly Energy Partners, L.P. (HEP), including its Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating (PDR), Ba3 senior unsecured notes ratings, SGL-3 Speculative Grade Liquidity rating, and changed the outlook to ...Holly 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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