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Moody's Mulls Downgrade For Atlas Pipeline

Stock quotes in this article: APL  

NEW YORK (AP) — Moody's Investors Service said Monday its placed the debt ratings of natural gas company Atlas Pipeline Partners LP on review for possible downgrade, citing rising debt and shrinking cash.

The ratings agency said it could downgrade Atlas' corporate family and probability of default ratings, both currently ranked "B1." The rating is considered non-investment or "junk" grade.

Also under review is the "B3" senior unsecured rating. ...

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