Targa Resources Corp.: Update to Discussion of Key Credit Factors Following Change of Outlook to Stable
CORPORATES CREDIT OPINION 18 July 2017 Update RATINGS Targa Resources Corp. Domicile United States Long Term Rating Ba2 Type LT Corporate Family Ratings 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, CFA 212-553-1639 VP-Senior Analyst arvinder.salujTarga Resources is a provider of midstream services and is a midstream energy company. The company operates in two segments: Gathering and Processing, which consists of gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas and gathering crude oil; and Logistics and Marketing, which includes activities necessary to convert mixed natural gas liquids (NGLs) into NGL products and provides certain services such as storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses.
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