TEXT-S&P raises Regency Energy Partners rating

Overview
-- U.S. midstream energy company Regency Energy Partners L.P. (Regency)
modestly reduced its unsecured debt balance by $88 million.
-- We are affirming our 'BB' corporate credit rating on Regency, raising
our issue-level ratings to 'BB' from 'BB-', and changing the recovery rating
on the unsecured notes to '4' from '5'.
-- The change in the recovery rating reflects a shift in our
valuation-given-default. Our revised valuation assumes a postdefault run-rate
E

nc sales tax tn drivers license texas medicaid application