S&P rates Enterprise Products notes BBB+

Standard & Poor’s said it assigned a BBB+ rating to Enterprise Products Operating LLC’s issuance of senior unsecured notes.

Enterprise Products’ parent, Enterprise Products Partners LP, unconditionally guarantees the notes, S&P said.

The proceeds will be used from the notes to repay debt, including amounts outstanding under its 364-day revolving credit facility and commercial-paper program, repayment of its $650 million senior notes due Oct. 15 and for general company purposes.

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