S&P affirms AGL

Standard & Poor's said it affirmed its A- corporate credit rating on AGL Resources Inc. and its subsidiaries.

The outlook is stable.

The agency said that the ratings on AGL reflect its consolidated credit profile that is driven by an excellent business risk and an intermediate financial risk profile.

"AGL's relatively low business risk stems from its regulated utilities, all of which benefit from supportive regulatory jurisdictions that minimize exposure to commodity price- and weather-related risks, and possess strong operational profiles," said S&P credit analyst William Ferara.

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