NEW YORK (Standard&Poor's) Feb. 11, 2004--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' senior unsecured debt rating to Duke Capital Corp.'s proposed $875 million senior unsecured notes. The notes are a remarketing of up to $875 million of notes issued in May 2001 in connection with Duke Energy Corp.'s (BBB/Stable/A-2) issuance of 35 million equity units. The outlook is stable. The remarketed notes will mature on May 16, 2006. In an effort to effectively manage debt maturities, Duke Capital may exchange a significant portion of the notes, subsequent to the remarketing, with notes of different maturities. Duke Capital will not receive any proceeds from the proposed remarketing, rather the company is remarketing the notes
