DT Midstream, Inc. (NYSE: DTM) has achieved an investment grade credit rating with two agencies, marking a significant milestone for the company. Moody’s Ratings upgraded DTM’s credit rating to Baa3 with a stable outlook on May 16, 2025. This follows Fitch Ratings' upgrade of DTM’s credit rating to BBB* with a stable outlook on October 3, 2024.
The achievement of an investment grade credit rating is expected to lead to an improvement in liquidity and reduced interest expense for DTM. David Slater, President and CEO of DTM, expressed that the ratings upgrades are a recognition of the strength of the company’s balance sheet and the quality and scale of its business.
DT Midstream, based in Detroit, is an owner, operator, and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment, and surface facilities. The company provides natural gas transportation, storage, and gathering services across the southern, northeastern, and midwestern United States and Canada.
Additionally, DTM has outlined a transition plan towards achieving net zero greenhouse gas emissions by 2050, including a target of reducing 30% of its carbon emissions by 2030. Today the company's shares have moved -0.32% to a price of $103.64. If you want to know more, read the company's complete 8-K report here.
