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Fort Chicago Energy Partners L.P. Distribution Profile Revised To Moderately Aggressive Jan 06 Product Image

Fort Chicago Energy Partners L.P. Distribution Profile Revised To Moderately Aggressive Jan 06

  • Published: January 2006
  • Standard & Poors

Abstract
TORONTO (Standard & Poor's) Jan. 19, 2006--Standard & Poor's Ratings Services today said it revised its distribution profile assessment (DPA) on Calgary, Alta.-based Fort Chicago Energy Partners L.P. (FCEP or the partnership) to moderately aggressive from aggressive. The revision represents a one-category change on a seven-step scale, with characterizations ranging from very aggressive to very conservative. At same time, the 'SR-2' Canadian stability rating on the partnership was affirmed. The outlook is stable. The stability rating actions follow FCEP's announcement that Aux Sable, in which the partnership holds a 42.7% interest, entered into a long-term marketing agreement that reduces the variability of future cash flow generation from Aux Sable. In addition the partnership lowered its annualized unit distributions by three...

Companies mentioned in this report are: Veresen Inc.
Action: S&P Event

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Veresen Inc.

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