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Fitch Initiates Ratings on Berkshire Gas Co's Outstanding Securities; Outlook Stable.

Publication: Business Wire
Publication Date: 09-OCT-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch has initiated ratings on Berkshire Gas Company's outstanding securities, as follows:

--Issuer default rating (IDR) 'BBB+';

--First mortgage bonds 'A';

--Senior unsecured 'A-' (counterparty credit rating).

The ratings reflect the stable cash flows resulting from the company's regulated natural gas distribution business and the recovery...

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