S&P: MarkWest Energy unaffected

Standard & Poor's said the ratings and outlook on MarkWest Energy Partners LP (B+/stable) is unaffected by the company's announcement that its shareholders have approved and adopted the previously announced planned merger with MarkWest Hydrocarbon Inc.

The agency said it expects the deal to raise leverage somewhat, boost commodity price exposure and tighten liquidity in the short term, given the company's large capital-expenditure plan, but that the potential benefits include eliminated incentive distribution rights.

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