Atmos Energy 'F2' Short-Term Rating Affirmed by Fitch.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Atmos Energy Corp.'s (Atmos) short-term debt Short-term debt Debt obligations, recorded as current liabilities, requiring payment within the year. rating, which applies to its $600 million commercial paper program is affirmed by Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. at 'F2'. Commercial paper is backstopped by a new $600 million 364-day committed bank credit facility and will be used for working capital and general liquidity needs. The prior $2.05 billion commercial paper program was used for bridge financing for Atmos' Oct. 1, 2004 purchase of TXU TXU Texas Utilities (Electric and Gas Company) TXU Transmitter Unit Gas Company. The commercial paper issued for acquisition funding has been repaid from the proceeds of common stock and long-term debt financing. For more background information related to Atmos' rating, including the credit impact of the TXU Gas acquisition, see Fitch's credit update report, 'Atmos Energy Corp.,' dated Oct. 5, 2004, available on the Fitch Ratings web site at 'www.fitchratings.com'. |
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