MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said its
'B+' ratings and stable outlook on MarkWest Energy Partners LP are unaffected by
the company's shareholder approval for the merger with MarkWest Hydrocarbon Inc.
"We expect the transaction will increase leverage somewhat as well as
increase commodity price exposure. In addition,
liquidity may be tight in the short term, given the company's large
capital-expenditure plan," the agency cautioned.
However, potentially favorable aspects include eliminated incentive
distribution rights.
"In total, we believe that the company has sufficient room to absorb these
effects at the current rating," it added.
TFN.newsdesk@thomson.com
jro
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