MUMBAI (Thomson Financial) - Standard & Poor's Rating Services said its
ratings and outlook on MarkWest Energy Partners LP rated 'B+/Stable/--' will not
immediately be affected by the company's planned merger with MarkWest
Hydrocarbon Inc.
S&P said the potentially favourable aspects of the deal include the
elimination of incentive distribution rights and a simplified corporate
structure.
S&P also expects the merger to will increase leverage over the next two
years, but said MarkWest has sufficient room in its current corporate credit
rating to absorb the related additional debt.
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