S&P gives TransCanada USA long-term A- rating

Standard & Poor's said it assigned its A- long-term corporate credit and A-2 short-term ratings to TransCanada PipeLine USA Ltd. At the same time, S&P said it assigned its A-2 short-term debt rating to TC USA's $1 billion commercial paper program. The agency said it also assigned its A-2 short-term rating to TC USA's parent and guarantor, TransCanada PipeLines Ltd.

The outlook is stable.

S&P said it equalized the ratings on TransCanada USA with those on TransCanada PipeLines, reflecting the agency's view that the subsidiary is part of TransCanada PipeLines' core business and is not based on a stand-alone assessment of the subsidiary.

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