Fitch rates El Paso Pipeline notes BBB-

Fitch Ratings said it assigned a BBB- rating to El Paso Pipeline Partners Operating Co. LLC's $500 million senior note offering due 2021.

The company has a long-term issuer default rating of BBB- and senior unsecured ratings of BBB-.

The notes will rank pari passu with all of the company's existing and future unsecured senior indebtedness.

The proceeds will go toward the repayment of funds borrowed under the revolver portion of the company's credit facility and for general corporate purposes.

The outlook is stable.

El Paso Pipeline Partners Operating is the operating partnership for El Paso Pipeline Partners LP.

The company's pipeline subsidiaries exhibit consistent cash flow, low business risk and strong credit profiles, the agency said.

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