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Prospect News home > News index > List of issuers E > Headlines for Enbridge Energy Partners, LP > News item |
S&P cuts Enbridge outlook to negative
Standard & Poor's said it revised its outlook on Enbridge Energy Partners LP and its operating limited partnership, Enbridge Energy LP, to negative from stable.
At the same time, the agency said it lowered its short-term rating to A-3 from A-2 and affirmed Enbridge's BBB corporate credit rating.
The lower short-term rating follows its criteria that states companies at the BBB rating level with a negative outlook no longer qualify for an A-2 short-term rating, the agency said.
The rating action follows S&P's assessment of Enbridge's near-term liquidity position, with a particular focus on the next 12 to 15 months.
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