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Fitch dims DTE Energy, DTE Electric rating outlooks following midstream deal

Fitch Ratings on Sept. 27 revised the ratings outlooks ofDTE Energy Co. andDTE Electric Co. tonegative from stable.

The rating agency cited higher leverage and business riskassociated with DTE's proposed $1.3 billion purchase of Appalachian gas assetsfrom M3 Midstream LLCand Vega Energy PartnersLtd.

The revised outlook also takes into account the constructionand execution risk associated with the company's $1 billion investment in theNexus pipeline project,Fitch said.

The rating agency affirmed the long-term issuer defaultratings of DTE Energy at BBB+ and DTE Electric at A-.