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S&P lifts Maritimes & Northeast to stable
Standard & Poor's said it affirmed its BBB- corporate credit and senior unsecured ratings on Maritimes & Northeast Pipeline LLC.
The agency said it also revised the outlook to stable from negative.
"The outlook revision on Maritimes US stems from the outlook change on Repsol-YPF SA to stable from negative," said S&P credit analyst William Ferara in a news release.
According to S&P, Repsol YPF guarantees a counterparty contract of Repsol Energy North America Corp., which has a contract that represents about 88% of Maritimes US's capacity.
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