Moody's Investors Service ("Moody's") assigned first time ratings to Midcoast Energy, LLC (Midcoast), including a B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating (PDR), and B2 on the senior secured credit facility, comprising its $100 million revolver due August 2023 and $650 million term loan B due August 2025. The outlook is stable.