S&P affirms Enterprise Products Partners, view up to positive

Standard & Poor's said it affirmed the BB+ corporate credit rating on Enterprise Products Partners LP and subsidiary Enterprise Products Operating LP, as well as the B+ corporate credit on EPCO Holdings Inc.

In addition, the outlooks on the companies were revised to positive from stable, the agency said, noting that the positive outlook on the Enterprise entities acknowledges the improvement at the MLP in credit-protection measures and greater diversity in the business mix that has emerged in recent years.

The ratings on EPCO rely in part on the credit quality of Enterprise, but EPCO also owns the general partner of Teppco Partners LP (BBB-/stable) and distributions from both MLPs contribute to EPCO's ability to service its debt, S&P noted.

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