Fitch affirms Phoenix Natural Gas

Fitch Ratings said it affirmed Phoenix Natural Gas Ltd.'s long-term issuer default rating at BBB and senior secured rating at BBB+.

The short-term issuer default rating was upgraded to F2 from F3.

The outlook is stable.

The agency said the affirmation and stable outlook reflect an expectation that the company’s financial profile will remain commensurate with Fitch’s sensitivities for the current rating.

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