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Moody's Ratings upgrades Targa to Baa2

Moody's Ratings (Moody's) upgraded Targa Resources Corp.'s (TRGP) and Targa Resources Partners LP's (the Partnership, and together with TRGP, Targa) senior unsecured ratings to Baa2 from Baa3, TRGP's commercial paper (CP) rating to P-2 from P-3, and changed the outlooks for both entities to stable f...

Moody's changes Targa's rating outlook to positive

Moody's Investors Service ("Moody's") affirmed Targa Resources Corp.'s (TRGP) and Targa Resources Partners LP's (the Partnership, and together with TRGP, Targa) Baa3 senior unsecured ratings, TRGP's Prime-3 commercial paper rating, and changed the outlooks for both entities to Positive from Stable. ...

Moody's assigns P-3 rating to Targa's new commercial paper program

Moody's Investors Service ("Moody's") assigned a first time Prime-3 commercial paper rating to Targa Resources Corp. (TRGP).  Concurrently, Moody's affirmed TRGP's and Targa Resources Partners LP's (the Partnership; and together with TRGP, Targa) Baa3 senior unsecured ratings. The Partnership is who...

Moody's: Targa's proposed acquisition of Lucid does not affect Baa3 ra...

Moody's Investors Service ("Moody's") commented that Targa Resources Corp.'s (TRGP) agreement to acquire Lucid Energy Delaware, LLC (Lucid) does not affect the Baa3 senior unsecured ratings or stable outlooks of TRGP and its rated operating subsidiary, Targa Resources Partners LP (the Partnership; a...

Moody's assigns Baa3 senior unsecured rating to Targa Resources Corp.'...

Rating Action: Moody's assigns Baa3 senior unsecured rating to Targa Resources Corp.' s new notes. Global Credit Research- 23 Mar 2022. New York, March 23, 2022-- Moody's Investors Service assigned a first-time Baa3 senior unsecured rating to Targa Resources Corp.' s proposed senior unsecured notes issuance.

Targa Resources Partners LP: Update to credit analysis following upgra...

Our credit view of Targa reflects its strong operational and financial performance, meaningful free cash flow generation, and leverage supportive of investment grade rating.

Moody's upgrades Targa's senior notes to Baa3; stable outlook

Rating Action: Moody's upgrades Targa's senior notes to Baa3; stable outlook. Global Credit Research- 01 Mar 2022. New York, March 01, 2022-- Moody's Investors Service upgraded the senior unsecured notes rating of Targa Resources Partners LP to Baa3 from Ba1.

Moody's places Targa's Ba1 CFR and TRP's senior notes ratings under re...

Rating Action: Moody's places Targa's Ba1 CFR and TRP's senior notes ratings under review for upgrade. Global Credit Research- 04 Feb 2022. New York, February 04, 2022-- Moody's Investors Service placed under review for upgrade the ratings of Targa Resources Corp., including its Ba1 Corporate Family Rating and Ba3 secured bank facility rating, and Targa Resources Partners LP's Ba1 senior unsecured notes rating.

Moody's upgrades Targa's CFR and senior notes to Ba1

Rating Action: Moody's upgrades Targa's CFR and senior notes to Ba1. Global Credit Research- 02 Nov 2021. New York, November 02, 2021-- Moody's Investors Service upgraded Targa Resources Corp.' s Corporate Family Rating to Ba1 from Ba2, Probability Default Rating to Ba1-PD from Ba2-PD, and secured bank facility rating to Ba3 from B1.

Moody's announces completion of a periodic review of ratings of Targa ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Targa Resources Corp.. Global Credit Research- 01 Jul 2021. New York, July 01, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Targa Resources Corp. and other ratings that are associated with the same analytical unit.

Moody's upgrades Targa's senior notes to Ba2 and changes outlook to po...

Rating Action: Moody's upgrades Targa's senior notes to Ba2 and changes outlook to positive; affirms Ba2 CFR. Global Credit Research- 14 Jun 2021. New York, June 14, 2021-- Moody's Investors Service, affirmed Targa Resources Corp.' s Ba2 Corporate Family Rating, Ba2-PD Probability Default Rating, and B1 secured bank facility rating.

Moody's rates Targa's new unsecured notes Ba3

Rating Action: Moody's rates Targa's new unsecured notes Ba3. Global Credit Research- 19 Jan 2021. New York, January 19, 2021-- Moody's Investors Service assigned a Ba3 rating to Targa Resource Partners LP's proposed senior notes due 2032. TRP is wholly owned by Targa Resources Corp..

Moody's rates Targa's new unsecured notes Ba3

Rating Action: Moody's rates Targa's new unsecured notes Ba3. Global Credit Research- 11 Aug 2020. New York, August 11, 2020-- Moody's Investors Service, assigned a Ba3 rating to Targa Resource Partners LP's proposed senior notes due 2031. TRP is wholly owned by Targa Resources Corp..

Moody's announces completion of a periodic review of ratings of Targa ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Targa Resources Corp.. Global Credit Research- 10 Aug 2020. New York, August 10, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Targa Resources Corp. and other ratings that are associated with the same analytical unit.

Moody's rates Targa Resources Partners' new notes Ba3

Rating Action: Moody's rates Targa Resources Partners' new notes Ba3. Global Credit Research- 13 Nov 2019. $750 million of new debt rated.

Moody's announces completion of a periodic review of ratings of Targa ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Targa Resources Corp.. Global Credit Research- 13 Sep 2019. New York, September 13, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Targa Resources Corp. and other ratings that are associated with the same analytical unit.

Moody's rates Targa Resources Partners' new notes Ba3

Rating Action: Moody's rates Targa Resources Partners' new notes Ba3. Global Credit Research- 10 Jan 2019. $750 million of new debt rated.

Targa Resources Partners LP - March 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's rates Targa Resources Partners' new notes Ba3

Moody's Investors Service ("Moody's") assigned a Ba3 rating to Targa Resources Partners LP's (TRP) proposed $750 million notes due 2026. TRP is wholly owned by Targa Resources Corp. (Targa). Targa and TRP's other ratings and Targa's stable outlook remained unchanged. The note proceeds ...

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