S&P: Western Gas view to stable

Standard & Poor's said it revised its outlook on Western Gas Partners LP to stable from negative.

The BBB- corporate credit was affirmed.

"The outlook revision on Western Gas follows our placement of parent Anadarko on CreditWatch with positive implications," S&P credit analyst William Ferara said in a news release.

The ratings on Western Gas reflect the agency's view of parent Anadarko, as well as Western Gas' "satisfactory" business risk profile and "significant" financial risk profile. Anadarko owns most of Western Gas' general partner and about 42% of the limited partnership units.

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