- Language: English
- Published: July 2009
- Region: United Kingdom
NiSource Finance's $700M Unsecured Notes Rated 'BBB-'; 'BBB-' CCR Affirmed May 08
- Published: May 2008
- Standard & Poors
NEW YORK (Standard & Poor's) May 15, 2008--Standard & Poor's Ratings Services today assigned its 'BBB-' unsecured debt rating to NiSource Finance Corp.'s (NiSource Finance) $500 million senior unsecured notes due Jan. 15, 2019. At the same time, Standard & Poor's affirmed its 'BBB-' senior secured rating on NiSource Finance's incremental issuance of $200 million of senior unsecured notes due March 1, 2013. The company will use the proceeds to reduce short-term borrowings, fund capital expenditures, and for general corporate purposes. Standard & Poor's also affirmed the 'BBB-' corporate credit and senior unsecured credit ratings. The outlook on NiSource Finance is stable. "The rating on parent NiSource Inc. (BBB-/Stable/--) and its subsidiaries reflects NiSource's newly aggressive capital-spending program, which will...
Companies mentioned in this report are: NiSource Finance Corp.,Northern Indiana Public Service Co.
Action: New Rating
Action: Outlook: Stable
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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NiSource Finance Corp.,Northern Indiana Public Service Co.