NEW YORK (Standard & Poor's) Aug. 5, 2004--Standard & Poor's Rating Services said today that Enterprise Products Partners L.P.'s (BB+/Stable/--) announcement that it has raised about $297 million from its common unit issuance, while favorable, has no immediate affect on the ratings or outlook on the partnership. The issuance was expected by Standard & Poor's as part of Enterprise's permanent financing of its multi-step acquisition of GulfTerra Energy Partners L.P. Enterprise's ability to issue such a sizeable amount of equity and continue to access public equity markets to accomplish its financing plan for the GulfTerra acquisition helps assuage Standard & Poor's concerns about the partnership's ability to fund and digest this transaction. The company's ability to meet its capitalization targets
