Moody's ups Enbridge outlook to stable

Moody's Investors Service said it announced that it changed the outlooks of Enbridge Energy Partners, LP's and its subsidiary, Enbridge Energy Ltd. Partnership, to stable from negative.

Moody's said it also affirmed Enbridge Energy Partners' Baa2 senior unsecured, Baa3 subordinated and Prime-2 short-term ratings while it also affirmed the Baa1 senior unsecured rating of the partnership.

Moody's analyst Allan McLean said "The stabilization of the outlooks of the companies reflect the successful completion of certain development projects and the expectation of substantially reduced capital spending starting in 2010."

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