Fitch: DCP unchanged

Fitch Ratings said DCP Midstream, LLC's (BBB/stable) announced acquisition of the Seaway pipeline from Conoco Philips will have no immediate impact on the company's ratings.

DCP announced an agreement to acquire the pipeline and convert it from a refined products pipeline to a natural gas liquids pipeline running from Conway, Kan., to Mont Belvieu, Texas, the agency said. The conversion will include two extensions and the addition of pump capacity and gathering infrastructure to the existing 580 mile pipeline.

Leverage will likely increase slightly due to the increased spending but will remain within an appropriate range for its ratings, the agency said.

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