S&P affirms Energy Transfer Partners

S&P said it affirmed the ratings, including the BBB- long-term corporate credit rating and A-3 short-term rating, on Energy Transfer Partners LP.

The agency also affirmed the BBB- issue-level ratings on Energy Transfer LP, Sunoco Logistics Partners Operations LP, Panhandle Eastern Pipe Line Co. LP and Regency Energy Partners LP.

The outlook is stable.

Energy Transfer Partners intends to sell CDM Resource Management LLC, its compression business, to USA Compression Partners LP for about $1.8 billion.

S&P said the actions reflect a belief that the transaction will help Energy Transfer to reduce debt leverage while strengthening its balance sheet and credit ratios.

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