S&P Global Ratings affirmed the 'BBB+' Local Currency LT credit rating of TC Pipelines on October 30, 2025. At the same time the rating agency revised outlook to stable from negative.

Moody's Investors Service affirmed the 'B2' LT- foreign currency credit rating of UKG on October 30, 2025. At the same time the rating agency revised outlook to stable from negative.