Fitch assigns Enogex notes BBB

Fitch Ratings said it has assigned a BBB rating to Enogex LLC's $250 million of 6.25% senior notes maturing March 15, 2020.

Proceeds from the sale will be used to pay down short-term debt and retire maturing long-term debt in January 2010, the agency said.

The outlook is stable.

According to Fitch, the ratings reflect the moderate business risk resulting from a primarily fee-based revenue stream offset in part by some continued commodity price exposure.

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