Core Points - Chesapeake Utilities Corporation has received its inaugural investment grade credit rating from Fitch Ratings, with a Long-Term Issuer Default Rating (IDR) of BBB+ and a Stable outlook [1][3] - The company has a strong history of delivering top-tier returns for investors, supported by significant capital investment and prudent balance sheet management [2] - The investment grade rating will enhance Chesapeake's access to financing, allowing for more efficient capital raising to support future growth plans [2] Company Overview - Chesapeake Utilities Corporation is a diversified energy delivery company listed on the New York Stock Exchange, providing sustainable energy solutions through various services including natural gas transmission and distribution, electricity generation and distribution, and propane gas distribution [4]
CHESAPEAKE UTILITIES CORPORATION RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING FROM FITCH