09:58 AM EDT, 06/19/2024 (MT Newswires) -- S&P Global Ratings on Tuesday revised Enbridge's ( ENB ) outlook to stable from negative and affirmed the ratings, including the "BBB+" issuer credit rating.

The outlook revision follows the completion of the majority of the announced acquisitions and the high visibility on the remainder of the financing plan.

"The stable outlook reflects our view that execution risk with respect to the acquisitions has been mitigated with credit metrics that are within our expectations," the rating agency said. "We forecast debt to EBITDA will be about 5.1x in 2024, falling to 4.7x in 2025."