S&P: Gibson Energy positive

Standard & Poor's said it revised its outlook on Gibson Energy ULC to positive from stable.

At the same time, the agency said it affirmed its BB- long-term corporate credit and senior unsecured debt ratings on the company. The recovery rating on Gibson's revolving credit facility and term loan B is unchanged at 3.

"The outlook revision reflects our expectation that Gibson's improving EBITDA, a combination of organic growth capex and acquisitions, will strengthen its credit measures," said S&P credit analyst Aniki Saha-Yannopoulos in a news release.

The agency said this improvement, if continued, positions the company for an upgrade in the next year.

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