We expect the credit quality of U.S.-based Dominion Energy Inc. (DEI) will not weaken materially, given cushion in its current financial measures. Therefore, we are affirming our ratings on DEI, including the 'BBB+' long-term issuer credit rating. The outlook remains stable. The stable outlook reflects financial measures toward the lower half of the range for its financial risk profile category, with funds from operations (FFO) to debt of 15%-16%. Moreover our view of DEI's business risk profile also reflects its largely residential and commercial customer bases, which are less sensitive to economic cycles and hence provide stable cash flow stream. The balance of DEI's nonutility businesses consist of gas transmission pipelines (about 10% of EBITDA), liquefied natural gas (LNG) (about
