New York, July 25, 2014 -- Moody's affirmed Breitburn Energy Partners, L.P.'s (Breitburn) B1 Corporate Family Rating (CFR), B1-PD Probability of Default (PDR), and B3 senior unsecured notes rating following the company's announced acquisition of QR Energy, LP (QRE). The rating outlook remains stable. At the same time, Moody's placed QRE's B2 CFR, B2-PD PDR, and Caa1 rated senior unsecured notes under review for upgrade.

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