10:42 AM EDT, 06/18/2024 (MT Newswires) -- S&P Global Ratings on Monday affirmed its "BBB+" issuer credit rating on TC Energy ( TRP ) and all issue-level ratings on the company's outstanding debt.

"The negative outlook reflects our belief that while TC has made progress on deleveraging, there still is some uncertainty that might prevent the company from achieving a debt-to-EBITDA ratio of 4.7x to 4.8x in 2024 and beyond," the rating agency said.

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