Fitch affirms EP Energy

Fitch Ratings said it affirmed EP Energy as' long-term issuer default rating at BB+ with a stable outlook and its €1.1 billion senior secured notes at BBB-.

The affirmation reflects that while there is some upside rating pressure from the currently low leverage relative to the BB+ IDR, Fitch remains cautious over financial policies that may take leverage outside the upgrade guidance and due to continued deterioration of traditional power generation market fundamentals in EPE's markets - Germany, the Czech Republic and Slovakia.

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