S&P rates River Cree notes B-

Standard & Poor's said it assigned its B+ long-term corporate credit rating to River Cree Enterprises LP.

The outlook is stable.

At the same time, the agency assigned its B- issue-level rating to the issuer's proposed C$200 million second-lien notes.

"The ratings on River Cree reflect what we view as the narrow diversity of the company's operations, its solid cash flow owing to the attractive regulatory environment and its good market position, and its aggressive debt leverage," S&P credit analyst Donald Marleau said in a news release.

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