NiSource Finance Corp. Mar 09
- ID: 1835371
- March 2009
- Standard & Poors
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.
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