Fitch rates Transcontinental Gas notes BBB

Fitch Ratings said it assigned a BBB rating to Transcontinental Gas Pipeline Co., LLC's (Transco) issuance of senior unsecured notes.

The notes are to rank pari passu with the pipeline's existing and future senior unsecured debt.

Proceeds are to be used to repay debt and to fund capital expenditures.

The new notes do not allow Transco to assume, guarantee or become liable for any debt other than Transco's or a Transco subsidiary. This provision would prohibit Transco from putting cross-guarantees in place with Williams Partners LP (BBB-/stable).

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