Fitch affirms AmeriGas

Fitch Ratings said it affirmed AmeriGas Partners, LP and AmeriGas Finance Corp.'s long-term issuer default ratings at BB and senior unsecured debt rating at BB/RR3. The outlook is stable.

“APU's ratings reflect the underlying strength and size of its retail propane distribution network, broad geographic reach, adequate credit metrics, and proven ability to manage unit margins under various operating conditions,” the agency said in a news release.

“APU's financial performance remains sensitive to weather conditions and general customer conservation, and the partnership must continue to manage volatile supply costs and customer conservation.”

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