Fitch: Williams Partners view to positive

Fitch Ratings said it affirmed Williams Partners LP’s long-term issuer default rating at BBB- and the issuer default ratings of Transcontinental PipeLine Co. LLC and Northwest Pipeline Co. LLC at BBB.

The outlooks for all entities are positive, revised from rating watch positive.

The ratings were placed on positive watch in April upon the announcement of an agreement to sell the Geismar olefins plant. The sale closed on July 6.

Fitch said the removal of the ratings from positive watch and assignment of a positive outlook is based on slightly soft gathering and processing performance in recent quarters and expectations for the maintenance of this performance in the rest of 2017 and 2018.

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