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Energy Transfer Partners, L.P. Message Board

  • rlp2451 rlp2451 Apr 30, 2012 2:40 PM Flag

    S&P Raises Outlook for ETP

    Standard & Poor's Ratings Services said it raised its outlook on natural-gas pipeline operator Energy Transfer Partners L.P. (ETP) to stable from negative, saying the company's plans to buy Sunoco Inc. (SUN) for about $5.3 billion will improve its scale and competitive position.

    Sunoco has been trying to sell itself since late 2011, after posting losses for much of the past two years because of high oil prices and decreasing fuel demand. Finding a buyer for the company and its aging refineries was considered a long-shot despite Sunoco's profitable logistics and retail businesses.

    S&P affirmed its triple-B-minus rating on nergy Transfer Partners, which is just above a junk-level rating. The ratings firm said the company's more diversified mix of assets will allow it to tolerate a somewhat higher debt level, as the company increases its scale and competitive position in natural gas, oil and natural gas liquids markets.

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