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S&P affirms AGL
Standard & Poor's said it affirmed its A- corporate credit rating on AGL Resources Inc. and its subsidiaries.
The agency said it also revised the outlook for AGL and its subsidiaries to stable from negative.
In addition, S&P said it affirmed a BBB+ senior unsecured rating on AGL Capital Corp. following the $125 million of notes add-on, which will be used to repay commercial paper borrowings.
The ratings on AGL reflect its consolidated credit profile, which is characterized by an excellent business risk and an intermediate financial risk profile, S&P noted.
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