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Prospect News home > News index > List of issuers E > Headlines for Enbridge Energy Partners, LP > News item |
S&P might lift Enbridge Energy
S&P said it placed its ratings, including its BBB long-term corporate credit rating, on Enbridge Energy Partners LP on CreditWatch with positive implications.
The agency said the CreditWatch placement reflects a view that Enbridge Inc.'s proposal to acquire all of the partnership's equity securities outstanding will increase the level of parental support from Enbridge.
“With this transaction, Enbridge will have full control and influence,” S&P said in a news release.
The agency said that if the transaction is completed, it will likely revise its group assessment on Enbridge Energy to core from highly strategic.
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