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Moody's cuts Ruby Pipeline
Moody's Investors Service said it dropped Ruby Pipeline, LLC's probability of default rating to D-PD from Ca-PD, but affirmed its Ca corporate family rating.
The rating actions follow Ruby filing for protection under Chapter 11 of the U.S. Bankruptcy Code on Thursday, Moody’s said.
The outlook remains negative.
The agency said it plans to withdraw its ratings for Ruby.
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