- Language: English
- 73 Pages
- Published: June 2010
- Region: Malaysia
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
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: 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.
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