Enterprise Products Partners L.P. (NYSE: EPD) announced today that Moody's and Standard & Poor's recently upgraded the debt rating for the senior notes issued by the partnership's wholly-owned operating subsidiary, Enterprise Products Operating LLC ("EPO"), to Baa2 from Baa3 and BBB from BBB-, respectively, with each ratings agency maintaining a positive outlook. The upgrade affects approximately $15 billion of senior unsecured debt securities issued by EPO. Moody's and Standard & Poor's also upgraded EPO's junior subordinated notes to Baa3 from Ba1 and BB+ from BB, respectively.

"We are very pleased with the recent action taken by the ratings agencies, each of which has indicated that another upgrade is possible over the next 12 to 24 months if we continue to effectively execute our planned capital expansion program while maintaining our strong financial profile," said Michael A. Creel, president and chief executive officer of Enterprise's general partner. "Reflected in the upgrades are the scale and diversity of our integrated assets that provide a solid foundation from which to expand and meet the growing needs of our energy producing and consuming customers."

Both agencies cited multiple factors that contributed to an improved credit profile for Enterprise, including: an increasing proportion of fee-based income; progress in simplifying the organization's legal entity structure; and lower cost of capital, due primarily to the elimination of the general partner incentive distribution rights.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. The partnership's assets include: approximately 50,600 miles of onshore and offshore pipelines; 188 million barrels of storage capacity for NGLs, refined products and crude oil; and 14 billion cubic feet of natural gas storage capacity. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminaling; offshore production platform services; crude oil and refined products transportation, storage and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico. For additional information, visit www.enterpriseproducts.com.

This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of such activities, events, developments or transactions, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition and other risk factors included in the reports filed with the Securities and Exchange Commission by Enterprise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Enterprise Products Partners L.P.
Randy Burkhalter, (713) 381-6812
Investor Relations
or
Rick Rainey, (713) 381-3635
Media Relations