Moody's lifts Atmos view to positive

Moody's Investors Service said it changed Atmos Energy Corp.'s outlook to positive from stable and affirmed its long-term ratings, including the Baa2 senior unsecured rating.

The agency cited sustained good financial results as a result of an ongoing round of rate increases and an improving business risk outlook with the announcement that Atmos will make no further investments in its nascent midstream business.

A one-notch upgrade could be considered over the next 12 to 18 months if the company obtains the level of rate relief that it expects and maintains sufficient liquidity capacity in renewing the credit facilities that expire this year, Moody's said.

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