Fitch rates CenterPoint notes BBB

Fitch Ratings said it has assigned a BBB rating to CenterPoint Energy Resources Corp.'s $325 million 6.15% senior unsecured notes due May 1, 2016.

Proceeds from the new debt will be used to refinance CenterPoint's $145 million 8.90% debentures maturing in December 2006 and for general corporate purposes including capital expenditures.

The outlook is stable.

Fitch said the rating is supported by its relatively low-risk gas distribution operations and continued expansion of cash flow from the interstate pipeline and gas gathering segments.

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