AmeriGas Partners, L.P. -- Moody's downgrades AmeriGas' CFR to Ba3; outlook stable

Yahoo! Finance Jan 19, 2022 03:17 PM ET

Rating Action: Moody's downgrades AmeriGas' CFR to Ba3; outlook stableGlobal Credit Research - 19 Jan 2022New York, January 19, 2022 -- Moody's Investors Service ("Moody's") downgraded AmeriGas Partners, L.P.'s (AmeriGas) Corporate Family Rating (CFR) to Ba3 from Ba2, Probability of Default Rating (PDR) to Ba3-PD from Ba2-PD and senior unsecured notes rating to B1 from Ba3. The outlook was changed to stable from negative."The downgrade of AmeriGas' ratings reflects continued high leverage and t...