|
|
 |
|
Viewing report
|
|
|
|
Bay State Gas Co. Mar 02
Standard & Poors, March 2002
Abstract
The ratings on Bay State Gas Co., a subsidiary of NiSource Inc., are based are on the consolidated financial and business risk profiles of the entire NiSource family of companies. Through its subsidiaries, NiSource is involved in regulated gas distribution, gas transmission, vertically integrated electric operations, and, to a much lesser extent, merchant operations and oil exploration and production (E&P) operations. Although the operating subsidiaries' financial profiles are much stronger than those of NiSource, Standard & Poor's views the default risk as the same throughout the organization. That is because there are no regulatory mechanisms or other structural barriers in NiSource's nine-state service territory that sufficiently restrict holding company's access to the cash flow of any of its utilities. Despite...
Companies mentioned in this report are: Bay State Gas Co.,Columbia Energy Group,Northern Indiana Public Service Co.,NiSource Inc.,NiSource Capital Markets Inc.,NiSource Finance Corp.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
