Calumet Specialty Products Partners, L.P. Credit Rating

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Date	Document Type	Title	Source
01 Oct 2018	Credit Opinion	Calumet Specialty Products Partners, L.P.: Update following move to stable outlook from negative	Moody's Investors Service
28 Sep 2018	Rating Action	Moody's changes Calumet Specialty's outlook to stable from negative; Caa1 CFR affirmed	Moody's Investors Service
17 Apr 2018	Credit Opinion	Calumet Specialty Products Partners, L.P.: Update to credit analysis - high leverage but improving	Moody's Investors Service
16 Aug 2017	Issuer Comment	Calumet Specialty Products Partners, L.P.: Superior refinery sale de-risks cash flows	Moody's Investors Service
28 Apr 2017	Credit Opinion	Calumet Specialty Products Partners, L.P.: Credit Opinion Update to Discussion of Key Credit Factors	Moody's Investors Service
29 Jun 2016	Issuer Comment	Calumet Specialty Products Partners, L.P.: Sale of Dakota Prairie Refining Joint Venture Interest is a Modest Credit Positive	Moody's Investors Service
24 May 2016	LGD Assessment	Calumet Specialty Products Partners, L.P.	Moody's Investors Service
23 May 2016	Covenant Quality Assessment	Calumet Specialty Products Partners, L.P.: Covenant Quality Post-Sale Snapshot: $400m 11.5% Senior Secured Notes due 2021	Moody's Investors Service
19 Apr 2016	Credit Opinion	Calumet Specialty Products Partners, L.P.: Credit Opinion Update Following $400mm Secured Notes Issuance and Downgrade of CFR to Caa1	Moody's Investors Service
18 Apr 2016	Rating Action	Moody's downgrades Calumet Specialty's CFR to Caa1, rates new notes B2; negative outlook	Moody's Investors Service
01 Mar 2016	Credit Opinion	Calumet Specialty Products Partners, L.P.: Update for Recent Downgrade of Calumet Specialty Products Partners, L.P.	Moody's Investors Service
29 Feb 2016	Rating Action	Moody's Downgrades Calumet Specialty's CFR to B2; negative outlook	Moody's Investors Service
12 Aug 2015	Covenant Quality Assessment	Calumet Specialty Products Partners, L.P. / Calumet Finance Corp.: Covenant Quality Post-Sale Snapshot: $900m 6.500% Senior Notes due 2021	Moody's Investors Service
06 May 2015	Credit Opinion	Calumet Specialty Products Partners, L.P.	Moody's Investors Service
25 Mar 2015	Announcement	Moody's Publishes Covenant Quality Assessment for Calumet Specialty Products Partners, L.P. / Calumet Finance Corp. Bond Offering	Moody's Investors Service
25 Mar 2015	Covenant Quality Assessment	Calumet Specialty Products Partners, L.P. / Calumet Finance Corp.: Covenant Quality Pre-Sale Snapshot: $325m _% Senior Notes due 2023	Moody's Investors Service
24 Mar 2015	Rating Action	Moody's rates Calumet's proposed notes B2	Moody's Investors Service
02 Jun 2014	Announcement	Moody's Adds Canadian Ancillary Disclosure to Certain Press Releases Issued Between December 10, 2013 and May 7, 2014	Moody's Investors Service
27 Mar 2014	Covenant Quality Assessment	Calumet Specialty Products Partners, L.P. / Calumet Finance Corp. - Pre-Sale Snapshot - $850m _% Senior Notes due 2021	Moody's Investors Service
26 Mar 2014	Rating Action	Moody's rates Calumet's proposed notes B2; affirms B1 CFR	Moody's Investors Service
27 Nov 2013	LGD Assessment	Calumet Specialty Products Partners, L.P.	Moody's Investors Service
21 Nov 2013	Rating Action	Moody's rates Calumet's new senior notes B2	Moody's Investors Service
18 Nov 2013	Rating Action	Moody's changes Calumet's outlook to stable	Moody's Investors Service
29 May 2013	LGD Assessment	Calumet Specialty Products Partners, L.P.	Moody's Investors Service
24 May 2013	Rating Action	Moody's upgrades Calumet's CFR to B1, positive outlook	Moody's Investors Service
12 Feb 2013	Announcement	Moody's: Calumet's new refinery JV in North Dakota is credit neutral	Moody's Investors Service
11 Feb 2013	Issuer Comment	Calumet's new refinery JV in North Dakota is credit neutral	Moody's Investors Service
19 Dec 2012	Issuer Comment	Calumet's San Antonio refinery acquisition is credit neutral	Moody's Investors Service
20 Aug 2012	Issuer Comment	Calumet's Montana refinery acquisition is credit neutral	Moody's Investors Service
29 Jun 2012	LGD Assessment	Calumet Specialty Products Partners, L.P.	Moody's Investors Service
21 Jun 2012	Rating Action	Moody's rates Calumet's proposed notes B3; changes outlook to positive	Moody's Investors Service
21 Jun 2012	Covenant Quality Assessment	Calumet Specialty Products Partners, L.P. / Calumet Finance Corp. - Pre-Sale Snapshot - $250m _% Senior Notes due 2020	Moody's Investors Service
12 Mar 2012	LGD Assessment	Calumet Specialty Products Partners, L.P.	Moody's Investors Service
09 Sep 2011	LGD Assessment	Calumet Specialty Products Partners, L.P.	Moody's Investors Service
08 Sep 2011	Covenant Quality Assessment	Calumet Specialty Products Partners, L.P. / Calumet Finance Corp - Pre-Sale Snapshot - $200m 9.375% Senior Notes due 2019	Moody's Investors Service
07 Sep 2011	Rating Action	Moody's changes Calumet's outlook to stable from positive	Moody's Investors Service
01 Aug 2011	Issuer Comment	Calumet's Unclear Financing for Refining Facility Is Credit Negative	Moody's Investors Service
28 Jul 2011	Announcement	Moody's: Calumet's pending refinery purchase could pressure rating or outlook	Moody's Investors Service
27 Jul 2011	Issuer Comment	Calumet's pending refinery purchase could pressure positive outlook and rating	Moody's Investors Service
15 Apr 2011	Covenant Quality Assessment	Calumet Specialty Products Partners, L.P. - Pre-Sale Snapshot - $375m _% Senior Notes due 2019	Moody's Investors Service
11 Apr 2011	Rating Action	Moody's assigns a B3 senior unsecured rating to Calumet Specialty Products Partners, L.P.	Moody's Investors Service
26 Jul 2010	Rating Action	Moody's withdraws the ratings on Calumet's canceled notes offering	Moody's Investors Service
16 Jul 2010	LGD Assessment	Calumet Specialty Products Partners, L.P.	Moody's Investors Service
13 Jul 2010	Rating Action	Moody's rates Calumet's new notes B3	Moody's Investors Service
13 Jul 2010	Covenant Quality Assessment	Covenant Quality Pre-Sale Snapshot - Calumet Specialty Products Partners, L.P.	Moody's Investors Service
03 Dec 2007	Rating Action	Moody's rates Calumet Lubricants' new credit facilities	Moody's Investors Service
25 Sep 2006	Rating Action	Moody's changes ratings on 38 US & Canadian Oilfield Service and Refining and Marketing companies under LGD rating methodology	Moody's Investors Service
22 Mar 2006	Rating Action	MOODY'S AFFIRMS CALUMET LUBRICANTS COMPANY'S B2 RATINGS AND MOVES THE OUTLOOK TO STABLE	Moody's Investors Service
07 Nov 2005	Rating Action	MOODY'S ASSIGNS B2 RATING TO CALUMET LUBRICANTS CO., L.P.'S NEW SENIOR SECURED TERM LOAN AND LETTER OF CREDIT FACILITY WITH A DEVELOPING OUTLOOK	Moody's Investors Service

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