S&P: Black Hills unchanged

Standard & Poor's said that Black Hills Corp.'s recently announced plan to sell its energy marketing business, Enserco Energy Inc., has no immediate impact on Black Hills' BBB- ratings or stable outlook.

The company expects the transaction to close in the first quarter of 2012, S&P said.

The completed transaction would improve Black Hills' business risk profile due to the divestiture of the higher-risk trading and marketing business, the agency said.

S&P said it expects that Black Hills will use some of the proceeds to pay down short-term debt and fund upcoming utility expenditures.

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