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Summary: Northern Indiana Public Service Co. Mar 12
Standard & Poors, March 2012
Standard & Poor's Ratings Services bases its corporate credit rating on Northern Indiana Public Service Co. (NIPSCO) on the consolidated credit profile of parent NiSource Inc. The rating on Merrillville, Ind.-based NiSource Inc. reflects an "excellent" business risk profile and an "aggressive" financial risk profile (as our criteria define the terms). Standard & Poor's bases its rating on NiSource on the consolidated business and financial risk profiles of its subsidiaries 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 Dec. 31, 2011, NiSource had about $8 billion...
Companies mentioned in this report are: Northern Indiana Public Service Co.,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.
Northern Indiana Public Service Co.,NiSource Inc.