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S&P rates Keyera notes BB+
S&P said it assigned a BB+ rating to Keyera Corp.'s proposed junior subordinated notes due in 2079.
The agency said it classifies the issuance as having intermediate equity credit, reflecting a view that the issue meets the standards for intermediate equity classification, including permanence, subordination and deferability.
The proceeds will be used to fund capital projects, repay debt under its credit facility and for general corporate purposes, S&P said.
Keyera transports, stores, and markets natural gas liquids and iso-octane in Canada and the United States, the agency explained.
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