Moody’s affirms Enterprise Products

Moody’s Investors Service said it affirmed Enterprise Products Operating, LLC's Baa1 senior unsecured ratings, Baa2 junior subordinated ratings, and its Prime-2 short term rating.

The outlook is stable.

“Enterprise Product's Baa1 ratings are underpinned by its large and highly interconnected asset base, providing critical infrastructure connecting key US supply and demand markets for natural gas liquids, oil and natural gas,” Pete Speer, Moody's senior vice president, said in a news release.

“We expect the partnership to continue its strong execution on growth projects, funded with substantial amounts of retained cash flow, while maintaining its conservative financial profile.”

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