On Aug. 2, 2002,Standard & Poor's Ratings Services placed the ratings of energy services company Enterprise Product Partners L.P. on CreditWatch with negative implications in response to the company's acquisition of the Mid-America Pipeline Co. and the Seminole Pipeline Co. from affiliates of the Williams Co. for approximately $1.2 billion in cash. The acquisition will be financed by a bridge loan until permanent financing can be arranged. Enterprise has $1.17 billion of debt as of March 31, 2002. Enterprise expects to issue a mix of debt and equity sufficient to support the current 'BBB' rating. The company plans to begin raising permanent financing in the 4th quarter of 2002 and finish by the 2nd quarter of 2004. The CreditWatch reflects
