U.S. offshore oil port operator LOOP LLC's credit measures will continue to improve due to debt reduction and EBITDA growth from the expanding storage business. We are revising the outlook to positive from stable and affirming our 'BBB' corporate credit rating and 'A-2' short-term rating on LOOP. We are also affirming the 'BBB' issue-level rating on LOOP's senior unsecured debt. The positive outlook reflects our view that leverage will continue to improve over the coming years due to improvement in EBITDA from the storage business and modest debt reduction along with LOOP's free cash flow. On Nov 21, 2016, S&P Global Ratings affirmed its 'BBB' corporate credit rating and 'A-2' short-term rating on Covington, La.-based LOOP LLC. We also revised
