Moody's: Plains All American view to positive

Moody's Investors Service said it changed Plains All American Pipeline, LP's outlook to positive from stable.

The agency also affirmed its Baa2 senior unsecured rating and the Prime-2 rating assigned to Plains All American's and Plains Midstream Canada ULC's U.S. commercial paper program.

"The change in Plains All American's outlook to positive reflects the overall growth in its business profile and our view that leverage will return to a level at or below 4x and remain there as the company's EBITDA grows to about $2.5 billion in 2015," Moody's senior vice president Terry Marshall said in a news release.

"The positive outlook also reflects the decline in relative leverage imposed on Plains by its optimization business as its assets and cash flow have grown over the past few years."

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