S&P reviews Andeavor, Tesoro

S&P said it placed its BB+ corporate credit rating on Andeavor Logistics LP on CreditWatch with positive implications.

The agency also placed its BB+ issue-level rating on the partnership's senior unsecured notes on CreditWatch with positive implications, and placed the issue-level ratings on operating subsidiary Tesoro Logistics Finance Corp. on CreditWatch with positive implications.

“The rating action reflects our view that the announced transaction places the partnership on a more sustainable growth path and that credit measures will be in line with the key drivers we set for an upgrade,” S&P said in a news release.

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