New York, September 22, 2016 -- Moody's Investors Service (Moody's) assigned a Ba3 rating to Targa Resources Partners LP's (TRP) proposed $800 million total offering of senior unsecured notes due 2025 and 2027. Proceeds from the issuance will be used to fund the announced tender offer on its outstanding series of unsecured notes due 2018, 2020, and 2021. TRP's Ba2 Corporate Family Rating (CFR), negative outlook, and all other ratings are unchanged.
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