Credit concern for Kinder Morgan

Richard Kinder, CEO of oil and gas pipeline operator Kinder Morgan, has launched a management buyout bid for the company. But rating agency Standard & Poor's has warned that it may cut Kinder Morgan's ratings to 'junk' status, as it expects the bid to be highly leveraged. Firms with junk credit ratings face higher borrowing costs and are less attractive credit counterparties.

"The sharp increase in debt contemplated in the buyout offer would likely lead to a ratings downgrade well into the 'B

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: