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Prospect News home > News index > List of issuers E > Headlines for Enterprise Products Partners LP > News item |
Fitch: Enterprise Products loan BBB-
Fitch Ratings said it initiated coverage and assigned a BBB- rating to Enterprise Products Operating LP's outstanding $1.65 billion senior unsecured notes.
The outlook is stable.
Enterprise Products' rating reflects the earnings and cash flow benefits emanating from the GulfTerra Energy Partners LP merger, management's progress in addressing the historic volatility embedded in Enterprise Products' gas processing business, and a relatively conservative acquisition financing structure, which results in minimal incremental debt leverage for the combined company.
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