TORONTO (Standard & Poor's) March 3, 2005--Standard & Poor's Ratings Services today said it revised its outlook on Alberta-based transmission company AltaLink L.P. (AltaLink) to stable from negative. At the same time, Standard & Poor's affirmed its 'A-' long-term corporate credit rating on AltaLink. The change in outlook reflects the successful completion of a financial restructuring at AltaLink's parent, AltaLink Investments LP (AltaLink Investments) that strengthens the holding company's balance sheet and overall financial profile, and had already been factored into the ratings on AltaLink. Although the ratings on AltaLink mostly reflect the operating company's stand-alone credit quality, the ratings remain linked to the creditworthiness of its owner, AltaLink Investments. "AltaLink is entering an extended growth period of four to
