DBRS Assigns Rating of BBB (high), Stable, to Kinder Morgan Energy Partners, L.P.’s New Issues

DBRS has today assigned a rating of BBB (high) with a Stable trend to Kinder Morgan Energy Partners, L.P.’s (KMP) $500 million 3.50% Senior Notes due March 1, 2016, and $600 million 6.375% Senior Notes due March 1, 2041 (collectively, the Notes). The issues are expected to settle on March 4, 2011.

The Notes will rank equally with all of KMP’s existing and future unsecured and unsubordinated indebtedness. DBRS notes that the net proceeds from the offering will be used to repay KMP’s short-term debt and for general partnership purposes.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating North American Energy Utilities (Electric, Natural Gas, and Pipelines), which can be found on our website under Methodologies.