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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 8-K
Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 5, 2002

             
    Exact name of registrant as specified in its charter       I.R.S.
Commission   and principal office address and telephone   State of   Employer
File Number   number   Incorporation   I.D. Number
1-16163   WGL Holdings, Inc.
1100 H Street, N.W.
Washington, D.C. 20080
(703) 750-2000 		  Virginia   52-2210912
0-49807   Washington Gas Light Company
1100 H Street, N.W.
Washington, D.C. 20080
(703) 750-4440 		  District of Columbia and Virginia   53-0162882

Former name or former address, if changed since last report: None

 

 

ITEM 5. OTHER EVENTS

On April 30, 2002, Moody’s Investor Service (Moody’s) placed Washington Gas Light Company’s (Washington Gas) senior debt ratings on review for possible downgrade. The ratings placed under review were Washington Gas’ senior unsecured debt, then rated Aa2 and Washington Gas’ preferred stock, then rated A1. On the same date, Moody’s confirmed the commercial paper ratings of WGL Holdings, Inc. and Washington Gas.

On September 5, 2002, Moody’s downgraded Washington Gas’ senior unsecured debt from Aa2 to Aa3. Moody’s also downgraded Washington Gas’ preferred stock from A1 to A2. Moody’s confirmed the ratings of both Washington Gas and WGL Holdings, Inc. commercial paper, each currently rated Prime-1. Moody’s also stated that the senior securities of Washington Gas remain on review for possible downgrade.

Washington Gas is the natural gas utility subsidiary of WGL Holdings, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this Report to be signed on their behalf by the undersigned hereunto duly authorized.

     
 
 
 
 		   WGL Holdings, Inc.
and
Washington Gas Light Company
(Registrants)
     
Date        September 9, 2002   /s/ Mark P. O’Flynn
 
 
 
 		   Mark P. O’Flynn
Controller
(Principal Accounting Officer)

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