Fitch assigns Enterprise Products notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Enterprise Products Operating LLC’s proposed offering of senior unsecured notes. Enterprise is the operating partnership of master limited partnership Enterprise Products Partners LP. Proceeds are expected to be used for general corporate purposes. The outlook is stable.

“EPO’s ratings reflect leverage being a ‘step-change’ better from the partnership’s leverage in the 2015-2017 period. EPO is strongly positioned in its rating category. The partnership’s management possesses considerable talent for commercializing opportunities. EPO’s ability to execute greenfield projects is strong. The partnership’s balanced financial policies support the rating,” Fitch said in a press release.

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