Standard&Poor's Ratings Services has reviewed its rating on LOOP LLC, which it labeled as "under criteria observation" (UCO) after the publishing of its revised Corporate criteria on Nov. 19. Following the criteria revision, we are placing our 'A-' corporate credit rating and its various long-term senior unsecured debt ratings on CreditWatch with negative implications. At the same time, we are affirming the 'A-2' rating on LOOP's short-term debt. Our assessment of LOOP's strategic importance, as outlined in the recently published "Group Rating Methodology" criteria article, to its owners will determine the degree of ratings uplift from our 'bb' stand-alone credit profile. NEW YORK (Standard&Poor's) Nov. 26, 2013—Standard&Poor's Ratings Services' CreditWatch placement with negative implications
