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NiSource Capital Markets Inc. Jan 09 Product Image

NiSource Capital Markets Inc. Jan 09

  • Published: January 2009
  • Standard & Poors

Abstract
Conservative business strategy that focuses almost exclusively on regulated businesses; Significant scale as one of the largest integrated pipeline and gas storage companies in the U.S.; A nine-state scope of operations that mitigates weather and regulatory risk; Relatively constructive regulation; and A competitive gas distribution and pipeline cost structure. A weak overall financial profile; Liberal debt leverage for the rating level; A constrained liquidity position; Declining customer usage and increased attrition in the gas distribution segment; Subsidiary Northern Indiana Public Service Co.'s high cost structure and heavy dependence on the industrial sector, and A recently increased tolerance for a more aggressive financial position. Standard & Poor's Ratings Services derives NiSource Capital Markets Inc.'s corporate credit rating from parent NiSource Inc.'s...

Companies mentioned in this report are: NiSource Capital Markets Inc.,Bay State Gas Co.,Northern Indiana Public Service Co.,NiSource Inc.,NiSource Finance Corp.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial READ MORE >

NiSource Capital Markets Inc.,Bay State Gas Co.,Northern Indiana Public Service Co.,NiSource Inc.,NiSource Finance Corp.

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