Tallgrass Energy Announces Investment Grade Credit Ratings for Tallgrass and Rockies Express Pipeline

Tallgrass Energy, LP (NYSE: TGE) today announced that Fitch Ratings has
assigned BBB- long-term Issuer Default and Senior Unsecured Ratings to
both Tallgrass Energy Partners, LP (TEP), TGE's subsidiary where the
Tallgrass family debt is held, and Rockies Express Pipeline LLC (REX).
“We are pleased that Fitch has recognized our history and commitment to
capitalize Tallgrass and REX for long-term stability and flexibility,”
said Tallgrass Executive Vice President and Chief Financial Officer,
Gary J. Brauchle. “During the early growth years at Tallgrass as well as
the business transformation at REX, managing our entities with
investment grade credit metrics has always been the goal. Today’s
ratings announcement from Fitch is validation of those long-term
efforts.”

In assigning BBB- ratings to both entities, Fitch noted that “TEP has
taken significant steps towards mitigating" the re-contracting risk at
REX and Pony Express Pipeline (Pony), "with recent projects and
contractual extensions on both REX and Pony.” They also noted that
“favorable oil production fundamentals” in the regions in which
Tallgrass operates should allow TEP to “recontract capacity at Pony at
rates that help support investment grade credit metrics.”

About Tallgrass Energy

Tallgrass Energy, LP (NYSE: TGE) is a growth-oriented midstream energy
infrastructure company operating across 11 states with transportation,
storage, terminal, water, gathering and processing assets that serve
some of the nation's most prolific crude oil and natural gas basins.

To learn more, please visit our website at www.tallgrassenergy.com.

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