S&P lifts Maritimes & Northeast to stable

Standard & Poor's said it affirmed its BBB- corporate credit and senior unsecured ratings on Maritimes & Northeast Pipeline LLC.

The agency said it also revised the outlook to stable from negative.

"The outlook revision on Maritimes US stems from the outlook change on Repsol-YPF SA to stable from negative," said S&P credit analyst William Ferara in a news release.

According to S&P, Repsol YPF guarantees a counterparty contract of Repsol Energy North America Corp., which has a contract that represents about 88% of Maritimes US's capacity.

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