New York, January 30, 2015 -- Moody's Investors Service assigned a first-time Corporate Family Rating (CFR) of Ba3 to Targa Resources Corp. (TRC), a Ba3 rating to its $1.1 billion senior secured credit facility, comprising a $430 million term loan and a $670 million revolving credit facility, and assigned a SGL-3 Speculative Grade Liquidity Rating. The rating outlook for TRC is stable. Moody's changed Targa Resources Partners LP's (Targa) outlook to stable from positive and affirmed all of Targa's ratings.
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