|
|
 |
|
Viewing report
|
|
|
|
Atmos Energy Corp.'s Proposed $400M Senior Unsecured Notes Are Rated 'BBB+' Jun 11
Standard & Poors, June 2011
Abstract
NEW YORK (Standard & Poor's) June 7, 2011--Standard & Poor's Rating Services said today it assigned its 'BBB+' issue-level rating to Atmos Energy Corp.'s proposed $400 million senior unsecured notes offering due in 2041. The corporation intends to use the proceeds from this to repay all outstanding commercial paper borrowings, to fund capital expenditures, and for general corporate purposes. As of March 31, 2011, Atmos had about $2.16 billion of total long-term debt. Texas-based Atmos is engaged primarily in the regulated natural gas distribution and transmission and storage businesses, as well as other nonregulated natural gas businesses. Our corporate credit rating on Atmos is 'BBB+' and the outlook on the rating is stable. (For the full corporate credit rating rationale,...
Companies mentioned in this report are: Atmos Energy Corp.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
