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S&P ups ONE Gas, debt to A
S&P said it raised its issuer credit rating on ONE Gas Inc. to A from A-, the issue-level rating on its senior unsecured debt to A from A- and both the short-term rating and commercial paper rating to A-1 from A-2.
The outlook is stable.
The agency said the upgrade reflects an expectation in its base-case scenario that the utility will continue to maintain financial measures within a robust range, including funds from operations (FFO) to debt of 23%-24% through 2019.
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