S&P revises ONE Gas view to positive

S&P said it affirmed its ratings on ONE Gas Inc., including the A- issuer credit rating, and revised the outlook to positive from stable.

S&P said the positive outlook reflects the potential for higher ratings if the company can maintain its robust financial performance over the medium-to-longer term.

In its base-case scenario, the agency anticipates that ONE Gas will benefit from the consistent recovery of invested capital via regulatory riders and base rate cases along with ongoing deferred tax benefits over the next several years, thereby supporting operating cash flow.

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