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Brooklyn Union Gas Company, The: Update to credit analysis

Our credit view of this issuer reflects its improving regulatory support, constrained by its persistently weak cash flow-based credit metrics.

Brooklyn Union Gas Company, The: Update to credit analysis

Our credit view of this issuer reflects the low risk of its utility operations, mitigated by weak cash flow-based credit metrics that are depressed by a material investment program.

Brooklyn Union Gas Company, The: Update following downgrade to Baa2

Our credit view of KEDNY reflects the low business risk profile of its operations and our expectation that its credit metrics will remain weak under its new rate plan.

Moody's announces completion of a periodic review of ratings of Brookl...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brooklyn Union Gas Company, The. Global Credit Research- 20 Sep 2021. London, 20 September 2021-- Moody's Investors Service has completed a periodic review of the ratings of Brooklyn Union Gas Company, The and other ratings that are associated with the same analytical unit.

Moody's downgrades National Grid's two utilities in downstate New York...

Rating Action: Moody's downgrades National Grid's two utilities in downstate New York; outlook stable. Global Credit Research- 04 Jun 2021. London, 04 June 2021-- Moody's Investors Service has today downgraded the long-term issuer and senior unsecured ratings of KeySpan Gas East Corporation, to Baa1 from A3, and The Brooklyn Union Gas Company, to Baa2 from Baa1.

National Grid plc: Proposed rate case settlement in downstate New York...

After over two years since its major rate case filing, National Grid filed a joint proposal on 17 May with the state regulator. The delay highlights the difficult operating environment.

Brooklyn Union Gas Company, The: Update following downgrade to Baa1

Our credit view of Brooklyn Union Gas, reflecting its persistently weak credit metrics and our expectation of only a modest improvement in its next rate plan.

Moody's downgrades KEDNY to Baa1; stable outlook

Rating Action: Moody's downgrades KEDNY to Baa1; stable outlook. Global Credit Research- 10 Nov 2020. London, 10 November 2020-- Moody's Investors Service has today downgraded to Baa1 from A3 the long-term issuer and senior unsecured ratings of The Brooklyn Union Gas Company, a local gas distribution company operating in downstate New York and ultimately owned by National Grid plc.

Moody's announces completion of a periodic review of ratings of Brookl...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brooklyn Union Gas Company, The. Global Credit Research- 12 Oct 2020. London, 12 October 2020-- Moody's Investors Service has completed a periodic review of the ratings of Brooklyn Union Gas Company, The and other ratings that are associated with the same analytical unit.

National Grid plc: Coronavirus adds to headwinds for New York gas rate...

The coronavirus outbreak represents the latest headwind for National Grid's downstate businesses as it comes when they are seeking a material rate increase to support large capex programmes

Brooklyn Union Gas Company, The: Update following rating confirmation ...

Our credit view of KEDNY reflecting that while the adverse impact on key credit metrics from the recent settlement is limited, a material strengthening is required to maintain current rating

Moody's confirms A3 ratings of two National Grid US utilities; negativ...

Rating Action: Moody's confirms A3 ratings of two National Grid US utilities; negative outlook. Global Credit Research- 19 Dec 2019. London, 19 December 2019-- Moody's Investors Service, has today confirmed the A3 issuer and senior unsecured ratings of The Brooklyn Union Gas Company and KeySpan Gas East Corporation.

Brooklyn Union Gas Company, The: Update following a rating review for ...

Our credit view of KEDNY reflecting downside risks to credit quality from potentially higher costs and possible regulatory penalties associated with the response to gas supply constraints

Moody's places ratings of two National Grid US utilities on review for...

Rating Action: Moody's places ratings of two National Grid US utilities on review for downgrade. Global Credit Research- 15 Nov 2019. London, 15 November 2019-- Moody's Investors Service has today placed the A3 issuer and senior unsecured ratings of The Brooklyn Union Gas Company and KeySpan Gas East Corporation, on review for downgrade.

Moody's announces completion of a periodic review of ratings of Brookl...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brooklyn Union Gas Company, The. Global Credit Research- 04 Nov 2019. London, 04 November 2019-- Moody's Investors Service has completed a periodic review of the ratings of Brooklyn Union Gas Company, The and other ratings that are associated with the same analytical unit.

Brooklyn Union Gas Company, The: Update following rating downgrade to ...

Our credit view of KEDNY, reflecting our downgrade to A3 in February 2019.

Brooklyn Union Gas Company, The: Update following rating downgrade to ...

Our credit view of KEDNY, reflecting our downgrade to A3 in February 2019.

Moody's downgrades KEDNY to A3; stable outlook

Rating Action: Moody's downgrades KEDNY to A3; stable outlook. Global Credit Research- 22 Feb 2019. London, 22 February 2019-- Moody's Investors Service has today downgraded the senior unsecured ratings and issuer rating of The Brooklyn Union Gas Company to A3 from A2.

Brooklyn Union Gas Company, The: Update following US tax reforms

Annual update to the credit opinion, including US tax reform and FY17 projections

Please Change Name Graham W Taylor
  • Please Change Name Graham W Taylor

Brooklyn Union Gas Company, The: Update to credit analysis following n...

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 29 August 2017 Update RATINGS Brooklyn Union Gas Company, The Domicile New York, United States Long Term Rating A2 Type LT Issuer Rating - Dom Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Graham W

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