CHESAPEAKE UTILITIES CORPORATION RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING FROM FITCH
Chesapeake Utilities (NYSE: CPK) has received its first investment grade credit rating from Fitch Ratings. The company was assigned a BBB+ Long-Term Issuer Default Rating with a Stable outlook, while its senior unsecured debt received an A- instrument rating.
Beth Cooper, Executive Vice President, Chief Financial Officer, highlighted the company's track record of delivering top-tier investor returns through significant capital investment while maintaining prudent balance sheet management. The investment grade rating is expected to enable more efficient capital raising to support future growth plans.
Chesapeake Utilities (NYSE: CPK) ha ricevuto il suo primo rating creditizio di investimento da Fitch Ratings. L'azienda ha ricevuto un rating di default dell'emittente a lungo termine BBB+ con un outlook stabile, mentre il suo debito senior non garantito ha ottenuto un rating di strumento A-.
Beth Cooper, Vicepresidente Esecutivo e Direttore Finanziario, ha evidenziato il track record dell'azienda nel fornire rendimenti di alto livello agli investitori attraverso significativi investimenti di capitale, mantenendo al contempo una gestione prudente del bilancio. Si prevede che il rating di investimento consenta una raccolta di capitali più efficiente per sostenere i piani di crescita futuri.
Chesapeake Utilities (NYSE: CPK) ha recibido su primera calificación crediticia de grado de inversión por parte de Fitch Ratings. La compañía recibió una calificación de incumplimiento del emisor a largo plazo BBB+ con una perspectiva estable, mientras que su deuda senior no garantizada recibió una calificación de instrumento A-.
Beth Cooper, Vicepresidenta Ejecutiva y Directora Financiera, destacó el historial de la compañía en ofrecer rendimientos de primer nivel a los inversionistas a través de inversiones de capital significativas, manteniendo al mismo tiempo una gestión prudente del balance. Se espera que la calificación de grado de inversión permita una recaudación de capital más eficiente para apoyar los planes de crecimiento futuros.
체사피크 유틸리티 (NYSE: CPK)가 Fitch Ratings로부터 첫 번째 투자 등급 신용 등급을 받았습니다. 이 회사는 BBB+ 장기 발행자 디폴트 등급을 안정적인 전망과 함께 부여받았으며, 선순위 무담보 채무는 A- 도구 등급을 받았습니다.
베스 쿠퍼, 부사장 겸 최고 재무 책임자는 상당한 자본 투자를 통해 최고 수준의 투자자 수익률을 제공하면서 신중한 재무 관리의 실적을 강조했습니다. 투자 등급 신용 등급은 향후 성장 계획을 지원하기 위해 보다 효율적인 자본 조달을 가능하게 할 것으로 예상됩니다.
Chesapeake Utilities (NYSE: CPK) a reçu sa première note de crédit de qualité investissement de Fitch Ratings. L'entreprise a obtenu une note de défaut d'émetteur à long terme BBB+ avec une perspective stable, tandis que sa dette senior non garantie a reçu une note d'instrument A-.
Beth Cooper, Vice-présidente exécutive et Directrice financière, a souligné le parcours de l'entreprise dans la fourniture de rendements de premier ordre aux investisseurs grâce à des investissements en capital significatifs tout en maintenant une gestion prudente de son bilan. Il est prévu que la note de qualité investissement permette une collecte de fonds plus efficace pour soutenir les futurs plans de croissance.
Chesapeake Utilities (NYSE: CPK) hat von Fitch Ratings seine erste Investment-Grade-Kreditbewertung erhalten. Das Unternehmen wurde mit einer BBB+ Langfristigen Emittenten-Standardbewertung mit stabiler Aussicht eingestuft, während seine unbesicherten Senior-Anleihen eine A- Instrumentenbewertung erhielten.
Beth Cooper, Executive Vice President und Chief Financial Officer, hob die Erfolgsbilanz des Unternehmens hervor, erstklassige Renditen für Investoren durch signifikante Kapitalinvestitionen zu liefern und gleichzeitig eine prudente Bilanzverwaltung aufrechtzuerhalten. Die Investment-Grade-Bewertung wird voraussichtlich eine effizientere Kapitalbeschaffung zur Unterstützung künftiger Wachstumspläne ermöglichen.
- Received BBB+ investment grade credit rating with Stable outlook from Fitch
- Senior unsecured debt received A- instrument rating
- Strong track record of delivering top-tier investor returns
- Demonstrates solid balance sheet management and financial discipline
- Enhanced ability to raise capital more efficiently for growth plans
- None.
Fitch has assigned a Long-Term Issuer Default Rating ("IDR") of BBB+ to the Company with a Stable outlook and an A- instrument rating to Chesapeake's senior unsecured debt.
"The Company has a long track record of delivering top tier returns for investors driven by significant capital investment while at the same time prudently managing its balance sheet and capital structure. The Company's future capital and earnings guidance demonstrate our expectation for strong future growth. Securing a rating was the next logical step in expanding our access to financing. Our mix of strong regulated businesses, continued commitment to a strong balance sheet, and financial discipline supported an investment grade credit rating from Fitch, which will enable us to raise capital more efficiently as we execute on our future growth plans," said Beth Cooper, Executive Vice President, Chief Financial Officer Treasurer and Assistant Corporate Secretary.
Fitch announced the first-time ratings for Chesapeake Utilities Corporation, with additional details, in a press release issued on March 10, 2025.
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange. Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses.
For more information, contact:
Beth W. Cooper
Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary
302.734.6022
Michael D. Galtman
Senior Vice President and Chief Accounting Officer
302.217.7036
Noah T. Russell
Assistant Vice President and Assistant Treasurer
302.387.9147
Lucia M. Dempsey
Head of Investor Relations
347.804.9067
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SOURCE Chesapeake Utilities Corporation
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