Commodity price exposure dinged the rating on DCP Midstream LLC (DCPM) debt as Fitch Ratings downgraded the company’s senior unsecured debt and Issuer Default Rating (IDR) to “BBB” from “BBB+.” However, the ratings outlook was revised to “stable” from “negative.”
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Fitch Downgrades DCP Midstream on Price Exposure
Commodity price exposure dinged the rating on DCP Midstream LLC (DCPM) debt as Fitch Ratings downgraded the company’s senior unsecured debt and Issuer Default Rating (IDR) to “BBB” from “BBB+.” However, the ratings outlook was revised to “stable” from “negative.”
July 2, 2009