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S&P: Chinook view negative
Standard & Poor's said it revised its outlook on Chinook Roads Partnership to negative from stable.
At the same time, the agency said it affirmed its A rating on Chinook's C$156.7 million senior secured bond due March 31, 2043.
"The outlook revision reflects our view of the project's dependency on SNC-Lavalin Group Inc. as the counterparty in the construction and operating periods," said S&P credit analyst Mario Angastiniotis in a news release.
The agency said it also revised its outlook on SNC to negative from stable on April 20.
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