OREANDA-NEWS. Fitch Ratings has withdrawn NGL Energy Partners LP's (NGL) rating of 'B-/RR6' for $300 million of senior unsecured notes due 2020. NGL launched the note offering in November 2015. The notes were to be co-issued with NGL Energy Finance Corp. However, the issuance of notes did not occur and consequently, Fitch is withdrawing the rating for the 2020's.

Fitch currently rates NGL as follows:

NGL Energy Partners LP
--Long-term Issuer Default Rating (IDR) at 'B+';
--Senior unsecured at 'B-/RR6'.

NGL Energy Finance Corp.
--Senior unsecured at 'B-/RR6'.

The Rating Outlook is Negative.