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S&P affirms Marathon Petroleum, lifts Andeavor
S&P said it affirmed its BBB issuer credit rating and A-2 short-term rating on Marathon Petroleum Corp. The outlook is stable.
At the same time, S&P said it raised its issuer credit and issue-level ratings on Andeavor Logistics LP to BBB from BBB- and removed them from CreditWatch, where we placed them with positive implications on April 30, 2018.
“With the closing of the transaction, we are raising our ratings on Andeavor in line with those on MPC, reflecting our view the company will be fully integrated into MPC,” S&P said in a news release.
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