We identified an error in the application of our ?Group Rating Methodology? in assessing Teranet Holdings L.P.?s (THLP) credit profile. Previously, we did not incorporate THLP?s ultimate parent, Teranet Finco L.P. (TFLP), in our analysis. However, TFLP should have been included because it has material debt and wholly owns THLP. This omission was inconsistent with our criteria. To correct the error, we now include TFLP in our group assessment. Our updated analytical approach considers both THLP?s operations and the debt at TFLP ($400 million currently outstanding). Nonetheless, we determined that our revised group assessment does not affect our view of THLP?s creditworthiness. Therefore, we affirmed our 'BBB-' issuer credit rating and issue-level ratings on THLP. We expect consolidated group S&P
