S&P ups Williams Cos. outlook to positive

Standard & Poor's said it revised the outlook on the Williams Cos. Inc. and its operating subsidiaries Williams Partners LP, Transcontinental Gas Pipe Line Co. LLC, and Northwest Pipeline GP to positive from stable.

At the same time, the agency said it affirmed the BBB- corporate credit rating on these companies.

S&P added that it expects Williams' consolidated financial profile to improve in 2010 due to stronger commodity prices and the company's demonstrated financial policies, which have been supportive of an investment-grade rating.

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