S&P: Gibson Energy view now positive

Standard & Poor’s said it revised its outlook on Gibson Energy ULC to positive from stable and affirmed its ratings on Gibson, including its BB long-term corporate credit rating on the company.

“We base the outlook revision on increasing contracted cash flows from the company’s terminals and pipelines segment with expansions at Gibson’s Hardisty and Edmonton terminals, combined with stable forecast financial metrics at the high end of the significant financial risk profile,” said S&P credit analyst Gerald Hannochko in a news release.

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