DBRS confirms Fort Chicago

DBRS said it confirmed the senior unsecured notes of Fort Chicago Energy Partners LP at BBB (high) with a stable trend and the company's stability rating at STA-2 (low).

The agency said the company continues to benefit from relatively stable operations and financial profile, largely underpinned by its 50% ownership in both the U.S. and Canadian portions of the Alliance Pipeline supported by take-or-pay contracts to 2015.

While uncertainties exist during the contract renewal period scheduled in December, the pipeline's economic value extends beyond the contract term due to its competitive tolls to ship rich natural gas to Chicago, DBRS said.

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