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sd-10-EFTA01378313Dept. of Justice

EFTA Document EFTA01378313

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INTERNAL USE ONLY DO NOT DISTRIBUTE IN PART OR IN WHOLE Corporate Credit > U.S. Investment Grade Kinder Morgan Inc. Updated: November 2, 2015 Trade Idea: Buy Kinder Morgan Inc 10-year bonds Investment Rationale: We are maintaining our outperform relative value recommendation on KMI at this time. This is based mainly on the fact that the bonds are still quoted slightly behind ETP (also outperform) and well behind WES and CPGX, which are all comparably rated. Only SXL is quoted slightly

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Dept. of Justice
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sd-10-EFTA01378313
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