S&P gives Dominion Gas ICR A-2

Standard & Poor's said it assigned its A-2 short-term issuer credit rating to Dominion Gas Holdings LLC (DG).

At the same time, the agency assigned its A-2 short-term issue-level rating to the company's $500 million commercial paper program.

There are no changes to the company's current ratings, including the A- issuer credit rating.

The outlook is negative.

"We based the A-2 short-term issue-level rating on the A- issuer credit rating on DG and our assessment of its liquidity as adequate,” S&P credit analyst Gabe Grosberg said in a news release.

The A- issuer credit rating on Dominion Gas reflects parent Dominion's group credit profile. The bbb+ standalone credit profile on Dominion Gas is derived from the company's "strong" business risk profile and its "significant" financial risk profile, S&P said.

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