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Investing.com -- Moody’s (NYSE:MCO) Ratings has confirmed the credit ratings of Hess (NYSE:HES) Midstream Operations LP (HESM Opco). The Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and Ba2 senior unsecured notes rating were all affirmed. Additionally, the Baa1 rating of the company’s senior secured 1st lien revolving credit facility and senior secured 1st lien term loan A was also confirmed. The SGL-2 Speculative Grade Liquidity Rating remained unchanged. According to Moody’s, the outlook for Hess Midstream remains stable.
Sajjad Alam, a Vice President at Moody’s Ratings, expressed expectations for the company’s future performance. He said that they anticipate the company to execute its growth and capital returns plans largely in line with its stated goals. This is while maintaining a Debt/EBITDA ratio near 3x.
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