S&P alters Tenaska Gateway view to positive

S&P said it revised the outlook for Tenaska Gateway Partners Ltd. to positive from stable and affirmed the BBB- rating on the partnership’s senior secured notes due 2023.

“The positive outlook reflects a stable operating profile, an ongoing pattern of increasing debt service cushion as the remaining debt balance amortizes, and our view that the project will maintain strong liquidity relative to total debt,” S&P said in a press release.

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