Moody's may up Atmos Energy

Moody's Investors Service said it placed on review for possible upgrade the long-term debt ratings of Atmos Energy Corp. The company's prime-2 commercial paper rating is not affected.

The review acknowledged some sustained favorable factors, including a continuing series of rate increases that have resulted in a steady improvement in credit metrics, Moody's said, and the recent exit from the unregulated gas storage development business.

A key factor in the review will be the resolution of a credit facility renewal in May 2011, the agency said, and the outcome of the Atmos Pipeline rate case due in April 2011.

The company's liquidity resources also will be an important factor, Moody's said.

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