Fitch affirms Williams at BBB-

Fitch Ratings said it affirmed the issuer default ratings and senior debt ratings for Williams Cos., Inc. and Williams Partners LP at BBB-.

The agency said the action follows Williams Partners' announced plan to acquire Caiman Eastern Midstream for $2.5 billion. Williams Co.'s outlook is stable.

The agency said it also affirmed the ratings for Williams Partners affiliates, Williams Partners Finance Corp., Northwest Pipeline GP and Transcontinental Gas Pipeline Co., LLC. The outlooks for these affiliates remain positive.

Fitch said the rating affirmation reflects Williams Cos.' and Williams Partners' ability to maintain their strong projected credit measures due to the significant planned use of equity financing to fund the Caiman acquisition. The acquisition is expected to close in 30 to 40 days.

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