KBRA Assigns Ratings to Senior Notes and Mandatory Redeemable Preferred Shares Issued by Tortoise Pipeline & Energy Fund, Inc. (TTP)
KBRA assigns ratings of ‘AAA’ for the Senior Notes (the “Notes”) and ‘A+’ for the Mandatory Redeemable Preferred Shares (“MRPS”) issued by Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) (“TTP” or the “Fund”).
- KBRA assigns ratings of ‘AAA’ for the Senior Notes (the “Notes”) and ‘A+’ for the Mandatory Redeemable Preferred Shares (“MRPS”) issued by Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) (“TTP” or the “Fund”).
- Additionally, KBRA assigns a ‘Stable’ Outlook to the Notes and MRPS.
- The Fund had its Initial Public Offering in October 2011 and its shares are listed on the New York Stock Exchange under the symbol TTP.
- Since inception through November 2022, the Fund has average senior and total asset coverage of 533% and 408%.