S&P: AltaLink Investments view now positive

Standard & Poor's said it revised its outlook on AltaLink Investments LP to positive from stable and affirmed its ratings, including its BBB- long-term corporate credit rating, on the company.

S&P also affirmed its ratings, including its A- long-term corporate credit rating, on operating subsidiary AltaLink LP (AltaLink). The outlook on AltaLink is stable.

S&P said the outlook revision follows Berkshire Hathaway Energy Co.'s announcement that it plans to acquire SNC-Lavalin Inc.'s equity in AltaLink Investments for an estimated C$3.2 billion subject to regulatory approval.

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