Western Midstream Operating, LP holds a Long-Term Issuer Default Rating (IDR) of BBB-, which has been affirmed by Fitch Ratings.
Understanding the Rating
Credit ratings are an assessment of a company's ability to meet its financial obligations. They provide investors with an independent evaluation of creditworthiness. A rating of 'BBB-' from Fitch Ratings signifies that the entity has good credit quality and is considered investment grade.
- BBB- (Investment Grade): This rating indicates that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity.
- Affirmed: This means that the rating agency has reviewed the entity's financial health and decided to keep the current rating unchanged, indicating stability in its credit profile.
- Long-Term Issuer Default Rating (IDR): This rating reflects the entity's overall capacity to meet its financial obligations. It applies to the company's ability to pay general obligations when they come due over the long term.
Western Midstream's Credit Rating
The most recent assessment of Western Midstream Operating, LP's long-term credit standing is summarized below:
| Rating | Action | Type |
|---|---|---|
| BBB- | Affirmed | Long-Term Issuer Default Rating |
This rating is a key indicator for investors, bondholders, and financial institutions assessing the risk associated with lending to or investing in Western Midstream Operating, LP. It helps provide transparency regarding the company's financial strength and its ability to manage debt and other financial commitments.
