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Fitch rates Southern Star companies BBB-, BBB
Fitch Ratings said it assigned a long-term issuer default rating of BBB- to Southern Star Central Corp. and a BBB IDR to Southern Star Central Gas Pipeline Inc.
Additionally, Fitch assigned senior unsecured ratings of BBB- to the corporation's senior unsecured notes and BBB to the pipeline company's senior unsecured notes.
“The ratings are based on the quality of regulation, under the Federal Energy Regulatory Commission (FERC), related to the company's operations and its largely investment-grade customer base with a portfolio of transportation and storage contracts,” Fitch said in a press release.
The outlook is stable.
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