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Published on 6/21/2018 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

S&P rates Keyera notes BBB

S&P said it assigned its BBB issue-level rating to Keyera Corp.'s C$400 million medium-term notes due June 21, 2028.

The BBB long-term corporate credit rating and stable outlook on Keyera are unchanged.

Proceeds from the new notes will be used to repay short-term debt under the company's credit facility and for general corporate purposes, including funding.

“We believe the new debt has no impact on the company's credit metrics,” the agency said in a news release.


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