Industry | 2012.08.28
Fitch: Lower NGL Prices Will Weaken US Midstream Profitability but Not Credit Ratings Over Near-Term
NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings\' Report: Impact of Lower NGL Prices on Midstream Processorshttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=687178 Continued low natural gas liquids (NGL) prices will weigh on midstream processor industry profitability for the remainder of 2012 and into 2013, but should not immediately affect credit ratings, according to a Fitch Ratings report published today. Contract mix and/or active hedging programs should keep leverage a
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