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Fort Chicago Energy Partners L.P. Distribution Profile Revised To Moderately Aggressive Jan 06
Standard & Poors, January 2006
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
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.