Hess Midstream Operations LP currently holds a BB+ credit rating for its Long Term Issuer Default Rating.
Hess Midstream's Current Credit Rating
The credit rating for Hess Midstream Operations LP indicates its financial strength and ability to meet its long-term financial obligations. This specific rating has been affirmed, meaning it has been reviewed and confirmed at its existing level.
Here are the details of the most recent rating:
| Rating | Action | Type |
|---|---|---|
| BB+ | Affirmed | Long Term Issuer Default Rating |
What Does a BB+ Rating Mean?
A BB+ rating falls within the speculative grade category. Companies with this rating are considered to have an elevated vulnerability to default risk, especially during adverse business, financial, or economic conditions. However, within the speculative grade, a BB+ rating suggests a higher level of financial flexibility compared to lower-rated speculative grades, implying a capacity to meet financial commitments, though this capacity may be susceptible to significant changes in circumstances.
This rating provides an assessment of the company's creditworthiness, which is important for investors and creditors to evaluate the risk associated with lending money to or investing in Hess Midstream Operations LP.
