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NiSource Finance Corp. Mar 09 Product Image

NiSource Finance Corp. Mar 09

  • Published: March 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. Weak overall financial profile with liberal debt leverage for the rating level; 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 Finance Corp.'s corporate credit rating from parent NiSource Inc.'s consolidated credit...

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

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

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

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