Fitch affirms Boardwalk and Texas Gas at 'BBB'; outlook stable

Fitch Ratings has reaffirmed its credit rating of 'BBB' for Boardwalk and Texas Gas, with a stable outlook, citing strong operational performance and regulatory stability. The rating reflects the firms' continued ability to maintain financial discipline and meet their obligations amid evolving market conditions. The stable outlook indicates that no significant credit profile changes in the near term. This affirmation follows a comprehensive review of the companies' financial metrics, including leverage ratios, liquidity, and capital structure. The rating agency emphasized that the companies' regulated business model provides a predictable revenue stream, which supports their credit quality. Investors and stakeholders are advised to monitor any developments in regulatory environments or market dynamics that could impact the companies' performance. The 'BBB' rating signifies that the companies are considered to have acceptable credit risk profile, with moderate vulnerability to financial stress.