S&P revises Express Pipeline view to stable

S&P affirmed its BBB+ rating on Express Pipeline LP (Canada)’s $110 million senior debt due 2020 and revised the outlook to stable from negative.

“The project itself performs at an AA- rating level, with robust coverage numbers throughout our forecast. The BBB+ rating on its $110 million senior debt reflects the rating and outlook on parent SEP,” S&P said in a news release.

SEP is Spectra Energy Partners LP.

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