S&P rates ATCO Gas, facilities BBB+

S&P said it assigned its BBB+ issuer credit rating to ATCO Gas Australia Pty Ltd., the operating and financing arm of ATCO Gas Australia LP.

The outlook is stable.

The agency also assigned a BBB+ rating to the senior unsecured facilities of the company.

ATCO Gas benefits from its strong competitive position as the sole regulated gas-distribution network business in Perth and surrounding areas, S&P said.

Its regulated cash flows and stable earnings profile also support the business position, the agency added.

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