Moody's downgrades Sunoco LP's CFR to Ba3, senior unsecured to B1
New York, December 15, 2016-- Moody's Investors Service, downgraded Sunoco LP's Corporate Family Rating to Ba3 from Ba2, its Probability of Default Rating to Ba3-PD from Ba2-PD and its senior unsecured note rating to B1 from Ba3. The rating outlook is stable. "The downgrade reflects Moody's view that SUN will not be able to reduce its leverage to below 4.0 x over the next year-- our trigger for a downgrade", stated Peter Trombetta, an AVP-Analyst at Moody's.
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