(Source: Fitch Inc) 09 Dec 2015 10:23 AM EST Fitch Solutions-New York-09 December 2015: Fitch Ratings has affirmed its 'BBB-' Issuer Default Rating (IDR) and senior unsecured ratings on Kinder Morgan, Inc. (KMI) and its subsidiaries, following KMI's announcement of its change in dividend policy. KMI will cut its dividend to focus on retaining cash to help stabilize its balance sheet and fund what remains a robust capital spending backlog. Additionally, Fitch has affirmed its 'F3' short-term IDR and commercial paper (CP) rating on KMI. A full list of rating actions is available at the end of this release. The Rating Outlook is Stable. The affirmations are reflective of the change in dividend...
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