{"id":823709,"date":"2025-03-10T12:50:33","date_gmt":"2025-03-10T16:50:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/chesapeake-utilities-corporation-receives-inaugural-investment-grade-credit-rating-from-fitch\/"},"modified":"2025-03-10T12:50:33","modified_gmt":"2025-03-10T16:50:33","slug":"chesapeake-utilities-corporation-receives-inaugural-investment-grade-credit-rating-from-fitch","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chesapeake-utilities-corporation-receives-inaugural-investment-grade-credit-rating-from-fitch\/","title":{"rendered":"CHESAPEAKE UTILITIES CORPORATION RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING FROM FITCH"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n DOVER, Del.<\/span>
\n <\/span>, March 10, 2025<\/span><\/span> \/PRNewswire\/ — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake” or the “Company”) today announced that Fitch Ratings (“Fitch”) has issued an inaugural investment grade credit rating for the Company.<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Chesapeake
\n <\/a>\n <\/p>\n<\/p><\/div>\n

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.<\/p>\n

“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.\u00a0 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<\/span>, Executive Vice President, Chief Financial Officer Treasurer and Assistant Corporate Secretary.<\/p>\n

Fitch announced the first-time ratings for Chesapeake Utilities Corporation, with additional details, in a press release issued on March 10, 2025<\/span>. \u00a0\u00a0<\/p>\n

\n About Chesapeake Utilities Corporation<\/b>\u00a0<\/p>\n

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.<\/p>\n

For more information, contact:<\/p>\n

\n Beth W. Cooper<\/span>
\n
Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary
302.734.6022<\/p>\n

\n Michael D. Galtman<\/span>
\n
Senior Vice President and Chief Accounting Officer
302.217.7036<\/p>\n

\n Noah T. Russell<\/span>
\n
Assistant Vice President and Assistant Treasurer
302.387.9147<\/p>\n

\n Lucia M. Dempsey<\/span>
\n
Head of Investor Relations
347.804.9067<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/chesapeake-utilities-corporation-receives-inaugural-investment-grade-credit-rating-from-fitch-302397288.html<\/a><\/p>\n

SOURCE Chesapeake Utilities Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire DOVER, Del. , March 10, 2025 \/PRNewswire\/ — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake” or the “Company”) today announced that Fitch Ratings (“Fitch”) has issued an inaugural investment grade credit rating for the Company. 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.\u00a0 Securing a rating was the next logical step in expanding … <\/p>\n

Continue reading “CHESAPEAKE UTILITIES CORPORATION RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING FROM FITCH”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-823709","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCHESAPEAKE UTILITIES CORPORATION RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING FROM FITCH - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chesapeake-utilities-corporation-receives-inaugural-investment-grade-credit-rating-from-fitch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHESAPEAKE UTILITIES CORPORATION RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING FROM FITCH - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DOVER, Del. , March 10, 2025 \/PRNewswire\/ — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake” or the “Company”) today announced that Fitch Ratings (“Fitch”) has issued an inaugural investment grade credit rating for the Company. 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. 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