A strong competitive position; A diverse business mix; and A high proportion of fee-based revenues. An aggressive growth strategy; An aggressive financial profile; and A decline in processing and fractionation margins. The ratings on Enterprise Products Partners L.P. (Enterprise Products) and its operating subsidiary (Enterprise Products Operating LLC) are based on the consolidated credit quality of the companies and reflect a satisfactory business profile and aggressive financial profile. Key credit factors include an expected improvement in credit-protection measures, a sizable proportion of fee-based revenues, and the company's greater business mix diversity that it developed over the past few years, resulting in a strong competitive position. The partnership's rapid growth profile, which places a notable strain on the master limited partnership's
