Moody’s views Enterprise positively

Moody's Investors Service said it changed Enterprise Products Operating, LLC's outlook to positive from stable. The agency concurrently affirmed Enterprise's Baa1 senior unsecured ratings and Baa2 junior subordinated ratings.

"The positive outlook reflects the improving trends in Enterprise's fundamental credit profile as well as management's commitment to maintain lower financial leverage going forward," said Sajjad Alam, a Moody's vice president, in a press release.

"We believe the company's very large, diversified and integrated asset base, consistent history of organic fee-based revenue growth and commitment to funding future growth with internally generated cash flow can help sustain management's revised 3x leverage target," Alam added.

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