S&P may cut Westcoast Energy

Standard & Poor's said it placed its ratings, including its BBB+ long-term corporate credit rating, on Westcoast Energy Inc. on CreditWatch with negative implications.

"The CreditWatch placement reflects the placement on parent Spectra Energy Corp.," said S&P credit analyst Gerry Hannochko in a news release.

The CreditWatch listing on Spectra reflects S&P's expectation that S&P could lower the ratings following the sale of its U.S. gas transmission and storage asset to Spectra Energy Partners LP by the end of 2013, the agency said.

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