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Fitch: Contribution to DCP Neutral for Spectra Energy and Spectra Energy Partners

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings believes that Spectra Energy Corp.'s (SE) announced $1.5 billion asset contribution to its joint venture (JV), DCP Midstream, LLC (DCP; 'BB+'/Outlook Stable) is credit neutral to both Spectra Energy Capital, LLC (SEC; operating subsidiary of SE; 'BBB'/Outlook Negative) and Spectra Energy Partners, LP (SEP; 'BBB'/Outlook Stable). Yesterday, SE and Phillips 66 (PSX) announced that they have agreed to make a $3 billion asset contribution to their 50/50 JV D

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