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Investing.com -- S&P Global Ratings upgraded Aris Water Solutions Inc. to ’BBB-’ from ’B+’ following the completion of its acquisition by Western Midstream Partners L.P.
The rating agency subsequently withdrew its issuer credit rating on Aris Water Solutions after the transaction closed on September 15, 2025.
S&P raised both the issuer credit rating and senior unsecured issue-level rating on Aris to match its ratings on Western Midstream, as Aris is now considered a core entity of Western Midstream.
The ratings were removed from CreditWatch, where they had been placed with positive implications on August 7, 2025. The outlook is stable.
S&P expects Western Midstream will become the new obligor to Aris’s unsecured notes. Western Midstream Partners L.P. is the parent company of Western Midstream Operating L.P.
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