Fitch upgrades Enbridge Energy

Fitch Ratings said it upgraded the long-term issuer default ratings of Enbridge Energy Partners, LP and Spectra Energy Partners, LP to BBB+ from BBB.

The upgrades reflect Enbridge Inc.'s stated and detailed plan to provide each company's senior unsecured debt with senior unsecured guarantees, Fitch explained.

Fitch also said it affirmed the issuer default rating of Enbridge, which is based on the company's low level of business risk.

The group's liquids pipeline system is the largest in the world, the agency said.

The ratings are based on the quality of regulation relevant to the company's three core businesses: liquids pipelines, gas transmission and utilities, Fitch said.

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