NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed LOCAP LLC's (LOCAP) Issuer Default Rating (IDR) at 'BBB+'. Its short-term IDR and commercial paper rating have been affirmed at 'F2'. The Rating Outlook is Stable. The rating action impacts $28 million of commercial paper outstanding which is backed by Throughput and Deficiency (T&D) agreements with LOCAP's owners. LOCAP's owners are a U.S. subsidiary of Royal Dutch Shell plc (41.5%; IDR 'AA'; Rating Watch Negative) and affiliates of Mar