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S&P rates Williams Partners notes BBB-
Standard & Poor's said it assigned its BBB- issue level rating to Williams Partners LP's proposed $3.5 billion senior unsecured notes due 2015, 2020 and 2040.
At the same time, the agency said it affirmed Williams Partners' BBB- corporate credit rating.
The outlook remains positive.
Williams Partners will use the proceeds from the offering to fund the cash portion of the previously announced asset contribution with parent Williams, the agency noted.
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