Fitch affirms Washington Gas

Fitch Ratings said it affirmed Washington Gas Light Co. and WGL Holdings, Inc.'s long-term issuer default ratings at A+ and short-term issuer default ratings at F1+.

The preferred stock and senior unsecured debt ratings are A+.

The outlook is stable.

Ratings reflect the strong and predictable nature of the cash flows at Washington Gas, its regulated gas distribution subsidiary and credit metrics in line with the category, the agency said.

Credit considerations also include higher business risk associated with subsidiary WGEServices' moderately expanding non-regulated retail electric and gas marketing operations, Fitch said.

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