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Fitch upgrades SPPD
Fitch Ratings said it upgraded SPP - distribucia, as' long-term issuer default rating to A- from BBB+ and its senior unsecured rating to A from A-.
“The upgrade mirrors our improved assessment of the consolidated credit profile of SPPD's parent, SPP Infrastructure, as (SPPI), resulting from strong earnings prospects in its gas storage business and the improved SCP of SPPD. The latter mainly reflects material positive regulatory developments and SPPD's improved financial profile,” the agency said in a press release.
The outlook is stable.
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