Maritimes and Northeast’s Rating Declines
Posted on Aug 7, 2006 in Markets and Competition, Pipelines | Comments Off on Maritimes and Northeast’s Rating Declines
Moody’s Investors Service has assigned a negative rating outlook for Maritimes and Northeast Pipeline, according to Friday’s Platts LNG Daily. The downgrade from stable to negative is attributed largely to a pipeline expansion agreement that would allow Repsol to secure as much as 88 percent of the pipeline’s capacity for the transport of natural gas from its Canaport LNG terminal. [Subscription required]