S&P: Kinder Morgan unchanged

Standard & Poor's said the BBB and A-2 ratings on Kinder Morgan Energy Partners LP are not affected by the company's plan to move forward with its proposed Trans Mountain pipeline system expansion.

The outlook is stable.

The agency said it expects the pipeline to benefit from long-term contracts producing stable cash flows, with capital spending likely spread over multiple years.

However, given the project's size and spending commitments, it will need to be kept on-time and on-budget to prevent any notable deterioration in key credit metrics, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.