Magellan Midstream (MMP +1.2%) is trading higher today after S&P raised its outlook on the...

|About: Magellan Midstream Partners... (MMP)|By:, SA News Editor

Magellan Midstream (MMP +1.2%) is trading higher today after S&P raised its outlook on the company to positive late Friday. The ratings company cites the oil distributor's growing asset base, stable cash flows and a strong governance structure for the upgrade.