S&P ups Energy Transfer outlook to stable

Standard & Poor's said it revised its outlook on Energy Transfer Partners LP to stable from negative.

In addition, the agency said it affirmed its ratings on the company, including its BBB- corporate credit rating.

The ratings affirmation and the outlook revision reflect an expectation that Energy Transfer's financial metrics will improve in 2011 based on the near-term completion of FEP and Tiger Pipeline, two large interstate natural gas pipeline projects, S&P said.

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