S&P affirms Plains All American debt

Standard & Poor's said it affirmed its BBB- corporate credit rating on Plains All American Pipeline LP.

At the same time, the agency said it affirmed the issue-level rating on Plains' senior unsecured debt at BBB-. The outlook is positive.

"We base the ratings affirmation on our opinion that the recent acquisitions complement Plains' existing business, are immediately accretive to cash flow, and offer future expansion opportunities at attractive multiples," said S&P credit analyst Mark Habib in a news release.

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