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The outlook is stable.
The group and its unit benefit from supportive regulation, a stable, largely residential customer base, diverse gas supply and storage sources, and low operating risks. In addition, financial performance at the holding company is appropriate for the rating with FFO to debt of 25% and debt to capital of about 50%, the rating service said explaining the affirmation.
The stable outlook factors in expectations of gradual improvement in financial metrics over the medium term despite limited customer growth.
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