Fitch rates Enterprise Products notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Enterprise Products Operating LLC's (EPO) proposed issuance of senior unsecured notes.

EPO is the operating partnership for master limited partnership Enterprise Products Partners LP.

Proceeds from the offering are intended to be used for general corporate purposes.

The outlook is stable.

Fitch said he ratings and outlook are supported by a solid fiscal year 2020 and a 1H21 that witnessed positive free cash flow of approximately $750 million.

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