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Moody's could cut Maritimes
Moody's Investors Service said it placed Maritimes & Northeast Pipeline, LLC under review for downgrade.
Moody's said this action is a direct result of the April 18 action that placed Repsol YPF SA under review for downgrade.
About 88% of Maritimes' capacity has been contracted through 2034 to Repsol Energy North America, with a guarantee from Repsol.
Moody's said it will assess the credit quality of the underlying support provided by Repsol's guarantee of the existing Firm Service Contract with Repsol Energy North America, as a result of the recent decision by the Argentinian government to nationalize 51% of Repsol's interest in YPF SA.
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