S&P: Access recovery to 3

Standard & Poor's said it revised Access Midstream Partners LP's unsecured recovery rating to 3 from 4, indicating the expectation for meaningful (50% to 70%) recovery if a payment default occurs.

The senior unsecured rating of BB- remains unchanged.

S&P said the revision follows its updated recovery analysis on the partnership as part of its ongoing surveillance and after analyzing Access' reported 2012 results.

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