Fitch affirms Columbia Pipeline

Fitch Ratings said it affirmed the BBB+ long-term issuer default rating and senior unsecured rating for Columbia Pipeline Group, Inc.

The outlook is stable.

Columbia Pipeline is owned by TransCanada Corp. (A-/stable).

“CPG is rated by viewing its standalone credit profile. CPG's rating is supported by a well-positioned pipeline network and multi-year take-or-pay contracts that will provide steady cash flows,” Fitch said in a news release.

“Concerns include CPG's large construction projects.”

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