S&P affirms Enterprise Products, Enterprise GP

Standard & Poor's said it affirmed the BBB- ratings on Enterprise Products Partners LP and BB- ratings on Enterprise GP Holdings LP following an announcement that the companies will merge.

The outlook remains positive.

The agency said it expects Enterprise Product's debt leverage to worsen slightly in the near term due to the merger, but to improve at the Enterprise system level.

S&P said the positive outlook reflects Enterprise Product 's increasing scale and asset diversity with key credit metrics that are somewhat strong for the rating.

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