S&P: Plains All American view to positive

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

At the same time, the agency affirmed the issue-level rating on Plains' senior unsecured debt at BBB.

The outlook was revised to positive from stable.

"We base the outlook revision on Plains' steadily growing size and asset diversity, while maintaining supportive financial policies and favorable credit measures compared with those of peers," S&P credit analyst William Ferara said in a news release.

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