S&P affirms Union Gas

Standard & Poor's said it affirmed its ratings, including its BBB+ long-term corporate credit rating, on Union Gas Ltd. The outlook is stable.

At the same time, S&P removed the ratings on CreditWatch, where they were placed with negative implications June 17.

S&P said this affirmation follows the downgrade to parent Spectra Energy Corp. to BBB from BBB+ after the drop-down of assets to subsidiary Spectra Energy Partners LP.

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