Fitch affirms Spectra, Texas Eastern

Fitch Ratings said it affirmed the outstanding ratings of Spectra Energy Capital, LLC and Texas Eastern Transmission, LP as listed: Spectra's issuer default rating at BBB, senior unsecured debt at BBB, short-term issuer default rating at F2 and short-term debt at F2, and Texas Eastern's issuer default rating at BBB+ and senior unsecured debt at BBB+.

The outlooks are stable.

The agency said that Spectra's ratings and stable outlook reflect the diversity and quality of its asset base, the high percentage of cash flows derived from stable pipelines and gas distribution assets, as well as strong industry fundamentals.

© 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.