S&P rates CenterPoint revolver, loan BBB-

Standard & Poor's said it assigned a BBB- corporate credit rating to CenterPoint Energy Field Services LP, a subsidiary of holding company CenterPoint Energy Inc.

The agency also said it assigned a BBB- rating to the company's $1.4 billion senior unsecured revolving credit facility due 2018 and its $1.05 billion senior unsecured term loan due 2016.

S&P also affirmed its BBB- corporate credit rating and senior unsecured debt rating on Enogex LLC. Enogex will be a wholly owned subsidiary of CenterPoint Energy Field Services.

The outlook is stable.

CenterPoint Energy's ratings reflect a satisfactory business risk profile and significant financial risk profile, the agency said.

S&P said it expects Enogex's assets to be successfully integrated. The agency also said it expects steady operational and financial performance from the company and the maintenance of a debt-to-EBITDA ratio of 2.5x to 3x.

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