Standard&Poor's Ratings Services published its revised project finance ratings criteria Sept. 16, 2014. After applying the revised criteria, we are lowering our rating on Chinook Roads Partnership's senior secured debt and senior secured bank loan to 'A-' from 'A'. We are also removing the rating from CreditWatch, where it had been placed with negative implications Sept. 22, 2014. The downgrade reflects our reassessment of the project's operating cash flow resiliencies under our macroeconomic and operating stresses. The stable outlook reflects our view that the project's operating cash flow will remain in line with our base-case expectations without incurring significant deductions, the remaining works and deficiencies will not negatively affect the project's financial performance, and the counterparties will not
