Fitch ups Questar short-term, affirms Dominion units

Fitch Ratings said it affirmed the BBB+ long-term issuer default rating of Dominion Energy, Inc. and the A- issuer default ratings of subsidiaries Virginia Electric and Power Co., Dominion Energy Gas Holdings, LLC and Questar Gas Co.

The outlooks for these entities remain stable.

Fitch also affirmed the BBB issuer default ratings of Dominion Energy South Carolina and Public Service Co. of North Carolina and the BBB- issuer default rating of Scana Corp.

The outlooks for these entities remain positive.

Fitch upgraded the short-term issuer default rating of Questar to F1 from F2.

“The affirmation of DEI and its subsidiaries long-term issuer default ratings reflect the relatively stable earnings profile of the company's regulated and contracted assets,” the agency said in a news release.

Fitch said that based on its assessment of Questar's financial flexibility, it has assigned the higher of the two short-term rating options for the current rating profile and removed the short-term rating from under criteria observation.

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