Moody's reviews Plains All American's ratings for downgrade
Toronto, January 24, 2017-- Moody's Investors Service, placed under review for downgrade Plains All American Pipeline, L.P.' s Baa3 senior unsecured rating and the Prime-3 rating on PAA's and Plains Midstream Canada ULC's US commercial paper program. "The review for downgrade of Plains All American's ratings follows its announced acquisition of a crude oil gathering system in the Permian Basin for a total consideration of $1.2 billion," said Terry Marshall, Moody's Senior Vice...
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