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Moody's: Tesoro view positive
Moody's Investors Service said it affirmed Tesoro Logistics LP's Ba3 corporate family rating, Ba3-PD probability of default rating, B1 senior unsecured notes rating and its speculative grade liquidity rating at SGL-3.
The outlook was changed to positive from stable.
"Tesoro Logistics' positive outlook reflects the company's materially increasing scale and asset diversity, with a continued high percentage of contracted, fee-based revenues from its parent company and general partner, Tesoro Corporation (Ba1 stable)," Moody's vice president Gretchen French said in a news release.
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