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Fitch rates Dominion preferreds BBB-
Fitch Ratings said it assigned a BBB- rating to Dominion Energy Inc.'s planned series C fixed-rate reset cumulative redeemable perpetual preferred stock.
The rating is consistent with Fitch’s others on Dominion’s $250 million of 8.4% preferred shares due 2031.
The proceeds will be used for general corporate purposes and to repay short-term debt, which as of Oct. 31, 2021, included $3.1 billion in commercial paper.
The outlook is stable.
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