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Prospect News home > News index > List of issuers P > Headlines for PNG Cos. LLC > News item
Published on 12/16/2022 in the Prospect News Investment Grade Daily.

Moody's changes PNG outlook to negative

Moody's Investors Service said it affirmed PNG Cos. LLC's Baa1 senior secured rating and changed its outlook to negative from stable

"The negative outlook reflects PNG's weak financial metrics driven largely by higher leverage as a result of the acquisition by Essential Utilities, Inc.," stated Edna Marinelarena, a Moody’s assistant vice president, in a press release.


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