Fitch affirms Washington Gas Light

Fitch Ratings said it affirmed the credit ratings of Washington Gas Light Co. and WGL Holdings, Inc.

Ratings affirmed include Washington Gas Light's long-term issuer default rating at A+; senior unsecured notes at AA-; preferred stock at A+; short-term issuer default rating at F1+; and commercial paper at F1+.

Also affirmed were WGL Holdings' long-term issuer default rating at A+; senior unsecured debt (indicative) at A+; short-term issuer default rating at F1; and commercial paper at F1.

The outlook for both companies is stable.

Fitch said WGL's ratings and stable outlook reflect the solid financial profile of both the parent and the utility; the sufficient liquidity and conservative risk management practices at the unregulated retail business; and the financial and operating stability of Washington Gas Light, its regulated gas distribution subsidiary.

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