New York, June 27, 2016 -- Moody's Investors Service, ("Moody's") downgraded Samchully Midstream 3 LLC's (SM3) Corporate Family Rating (CFR) to B3 from B1, Probability of Default Rating (PDR) to B3-PD from B1-PD, and the senior secured term loan rating to B3 from B1. The Speculative Grade Liquidity rating was withdrawn. The outlook was changed to negative from stable.

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