S&P: No change to El Paso, Kinder Morgan

Standard & Poor's said its ratings on Kinder Morgan Inc. and El Paso Corp. are not affected by El Paso's plan to sell EP Energy Corp. for $7.15 billion.

The pending price achieved for EP Energy is broadly in line with S&P's expectations and if completed will enable KMI to limit incremental debt associated with the transaction, the agency said in a news release.

Kinder Morgan is in the process of purchasing El Paso for $38 billion. The companies expect the deal to close in the second quarter of 2012.

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