S&P places Kinder Morgan on positive watch

S&P said it placed its BBB- issuer credit rating and senior unsecured debt ratings on Kinder Morgan Inc. and its wholly owned operating subsidiaries on CreditWatch with positive implications.

S&P also placed the company’s A-3 short-term and commercial paper ratings and BB preferred stock rating on CreditWatch with positive implications.

The CreditWatch placement follows Kinder Morgan’s announcement that it will use the approximately $2 billion net proceeds from the company’s Trans Mountain sale to repay debt.

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