S&P affirms Enbridge Energy

Standard & Poor's said it affirmed the BBB corporate credit rating and A-2 short-term rating on Enbridge Energy Partners LP.

The outlook is stable.

Ratings reflect the company's strong business profile, which is attributable to the competitive position of its crude pipeline system and the cash flow stability that these assets provide, the agency said.

Partially offsetting these credit strengths are commodity price volatility related to the company's natural gas gathering and processing segment, the potential for increased costs related to the Marshall oil spill and a metrics that are somewhat weak, the agency noted.

S&P said it could lower the rating if the company's debt-to-EBITDA ratio stays above 4.5x for a sustained period.

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