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S&P changes Gibson Energy to stable
Standard & Poor's said it revised its outlook on Gibson Energy ULC to stable from positive and affirmed the ratings, including its BB long-term corporate credit rating.
"We base the outlook revision on weakened forecast financial metrics, given current commodity prices that are affecting oil and gas customers, combined with the company's heavy capital program over the next couple of years," S&P credit analyst Gerry Hannochko said in a news release.
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