Fitch Rates Kinder Morgan Inc.'s Notes 'BBB-'; Outlook Stable
Fitch: Some Changes for Closed-End Funds Post Kinder MLP Move
Kinder Morgan Unveils $6 Billion Debt Offer
Martin Midstream Partners And Valero Energy Partners To Join The Alerian MLP Index And Alerian MLP Equal Weight Index
NGL Energy Partners And TC Pipelines To Join The Alerian MLP Infrastructure Index
We see upside for Kinder and an exit strategy for other master limited partnerships.
Kinder's reorganization brings upside potential, but even after the change, its payout coverage is too thin for conservative income investors, says Morningstar DividendInvestor editor Josh Peters.
We’re boosting our fair value estimate of Kinder Morgan as the firm’s new structure removes the burden of incentive distributions and will likely support 10% annual dividend growth, says Morningstar’s Jason Stevens.
The firm's consolidation deal eliminates the incentive distribution structure entirely, allowing the combined KMI to sustain more rapid dividend growth than our previous forecast.
Volatility in Asia, subprime woes take market for a ride.