Kinder Morgan, Inc.: Rating Report

On May 21, 2019, DBRS Limited (DBRS) upgraded the Issuer Rating and Senior Notes and Debentures rating of Kinder Morgan, Inc. (KMI or the Company) to BBB from BBB (low). DBRS concurrently upgraded the Medium-Term Notes & Unsecured Debentures rating of KMI’s wholly owned subsidiary, Kinder Morgan Energy Partners, L.P. (KMP), to BBB. All trends are Stable. KMI and KMP have the same rating because of the cross-guarantee agreement between the entities whereby each party to the agreement has unconditionally guaranteed, jointly and severally, the payment of specified indebtedness of the other party to the agreement.