S&P Global Ratings affirmed the 'A-' rating on GrandLinq G.P.?s (ProjectCo) senior secured debt, reflecting the project?s stable financial performance despite disputes and weather-related deductions in recent years. A significant increase in deductions along with lifecycle costs escalations could potentially exhaust the service provider's liability cap faster than anticipated. With this in mind, we reassessed ProjectCo's dependency on Keolis and concluded that the project?s financial cushion is sufficient under an adverse downside scenario. As a result, we de-linked the project's credit quality from that of Keolis, and it no longer caps our rating on the project's debt. Under our revised downside scenario, the project now demonstrates moderate resiliency, which changes the downside-adjusted preliminary operations phase stand-alone credit profile (SACP) to
