S&P affirms Oleoducto loan

Standard & Poor's said it affirmed the BBB rating on the $900 million senior secured bank loan due 2018 of Oleoducto de Crudos Pesados. The outlook is stable.

"We base our rating on the loan on the creditworthiness of several, but not joint, performance guarantors," said S&P credit analyst Monica Ponce in a news release.

The guarantors are Repsol-YPF SA, Occidental Petroleum Corp., PetroOriental Holding Ltd., Anadarko Petroleum Corp., and Petrobras Argentina SA.

The stable outlook reflects the performance guarantors' currently adequate creditworthiness, the agency said.

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