- Published: June 2012
- Region: Global
Summary: NiSource Inc. Sep 11
- Published: September 2011
- Standard & Poors
The rating on Merrillville, Ind.-based NiSource Inc. reflects an excellent business risk profile and an aggressive financial risk profile. Standard & Poor's Ratings Services bases the rating on the consolidated business and financial risk profiles of its subsidiaries Northern Indiana Public Service Co. (NIPSCO; BBB-/Stable/--), Bay State Gas Co. (BBB-/Stable/--), and Columbia Energy Group (CEG; not rated). NiSource is involved in regulated natural gas distribution (nearly 40% of operating income), gas transmission and storage (roughly 35%), and vertically integrated electric operations (about 25%). As of June 30, 2011, NiSource had about $7.2 billion of total reported debt. A business strategy centered almost exclusively on regulated businesses, a diverse service area that encompasses seven states, and the low operating risks of...
Companies mentioned in this report are: NiSource Inc.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >