Moody's upgrades ONEOK to Baa2
Moody's Investors Service ("Moody's") upgraded ONEOK, Inc.'s (ONEOK) and ONEOK Partners, L.P.'s senior unsecured ratings to Baa2 from Baa3 and commercial paper ratings to P-2 from P-3 and changed their outlooks to stable from positive. "The upgrade of ONEOK's ratings to Baa2 reflects significant ...Oneok is a midstream service provider. The company's segments include: Natural Gas Gathering and Processing, which provides midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma; natural gas liquids (NGLs), which owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region; and Natural Gas Pipelines, which provides transportation and storage services to end users through its wholly owned assets and its ownership interests in Northern Border Pipeline Company and Roadrunner Gas Transmission, LLC.
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