Bulletin: Black Hills Corp.'s Planned Sale Of Energy Marketing Unit Won't Affect Ratings Or Outlook Jan 12
- ID: 2041572
- January 2012
- Standard & Poors
NEW YORK (Standard & Poor's) Jan. 19, 2012--Standard & Poor's Ratings Services said today that Black Hills Corp.'s (BBB-/Stable/--) recently announced plan to sell its energy marketing business, Enserco Energy Inc., has no immediate impact on its ratings or outlook on Black Hills. The company expects the transaction to close in the first quarter of 2012. The completed transaction would improve Black Hills' business risk profile due to the divestiture of the higher-risk trading and marketing business. We expect that Black Hills will use some of the proceeds to pay down short-term debt and fund upcoming utility expenditures....
Companies mentioned in this report are: Black Hills Corp.
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Black Hills Corp.