S&P affirms Veresen

Standard & Poor's said it affirmed the BBB long-term corporate credit rating on Veresen Inc.

The outlook is stable.

The ratings reflect the company's strong business risk and significant financial risk profiles, S&P said.

Supporting the rating includes the company's favorable market position and cash flow stability of the Alliance Pipeline LP natural gas system and Alberta Ethane Gathering System, S&P said.

If the company's refinancing proceeds as planned, the agency said it does not expect deterioration in credit metrics.

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