New York, June 17, 2015 -- Moody's Investors Service ("Moody's") affirmed the ratings for NiSource, Inc. and its rated subsidiaries in anticipation of the imminent completion of its corporate separation, originally announced in September 2014. The spinoff of its natural gas pipeline and midstream assets, scheduled for 1 July 2015, entails NiSource splitting into two publicly traded companies: NiSource Inc.: a holding company with a portfolio of fully regulated electric and natural gas distribution utility subsidiaries: and Columbia Pipeline Group (CPG, Baa2 senior unsecured): a pure play natural gas pipeline, midstream and storage company. Today's rating affirmation does not include CPG. Ratings affirmed include the Baa2 senior unsecured rating and P-2 Commercial Paper rating for NiSource Finance Corporation, the principal funding vehicle for the NiSource family; the Baa2 rating for NiSource Capital Market's Inc., the legacy funding vehicle for the NiSource family, the Baa2 senior unsecured rating for Bay State Gas Company (Bay State), which reflects the guarantee from NiSource, Inc., and the Baa1 senior unsecured rating for Northern Indiana Public Service Company (NIPSCO). The (P) Ba1 preferred shelf for NiSource Inc., the ultimate parent company, was also affirmed. The rating outlooks for all of NiSource's rated entities are stable.

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