Plains Midstream Canada ULC -- Moody's assigns Prime-2 rating to Plains All American commercial paper

New York, August 19, 2013 -- Moody's Investors Service assigned a Prime-2 rating to Plains All American Pipeline, L.P.'s (PAA) commercial paper program. Moody's also affirmed PAA's Baa2 long-term debt rating with a stable outlook. PAA will issue commercial paper for general corporate purposes and to fund working capital and short-term inventory positions related to its optimization activities. Moody's also assigned a Prime-2 rating to Plains Midstream Canada ULC (PMC), a wholly-owned subsidiary and co-borrower under PAA's $1.5 billion US CP program. PAA unconditionally guarantees PMC's commercial paper and any subsidiary borrowings under the backstop facilities.

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