EnLink, a leading midstream energy company, has received positive news regarding its credit rating. S&P Global Ratings recently announced an upgrade of EnLink’s credit rating to BBB- with a stable outlook. This upgrade signifies that EnLink’s creditworthiness has improved, positioning the company in the investment-grade category.
According to S&P, the stable outlook reflects their expectation that EnLink will maintain its leverage at current levels, which is below 4x. This indicates EnLink’s commitment to a more conservative financial policy and their ability to navigate commodity price volatility while generating stable EBITDA.
EnLink’s upgraded credit rating from S&P follows a similar investment-grade rating from Fitch Ratings. Although EnLink’s credit rating at Moody’s remains one notch below investment grade, the recent upgrades from S&P and Fitch highlight the company’s financial strength and positive outlook.
To learn more about EnLink’s financial performance and their guidance for 2024, investors can visit EnLink’s website dedicated to investors. The website provides comprehensive information on EnLink’s financials and other relevant details. Interested individuals can access the website at the following link: https://lnkd.in/gAc9hyEP
EnLink’s improved credit rating is a testament to their commitment to financial stability and their ability to navigate the challenges of the energy industry. This upgrade positions EnLink favorably among investors and reflects positively on their long-term growth prospects.
For more information visit www.enlink.com
