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Published on 1/3/2005 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

S&P: Semco Energy unaffected

Standard & Poor's said Monday that Semco Energy Inc.'s (BB-/stable/--) announced settlement with Atlas Pipeline Partners LP does not affect its ratings on Semco Energy.

The settlement calls for Semco Energy to make a one-time payment of $5.5 million to Atlas and is considered to have a minimal affect on the company's liquidity position and current ratings.


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