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Published on 12/7/2010 in the Prospect News Investment Grade Daily.

S&P may cut AGL, Nicor

Standard & Poor's said it placed the A- corporate credit rating on AGL Resources Inc. and its subsidiary Atlanta Gas Light Co. on CreditWatch with negative implications following AGL's plans to acquire Nicor Inc.

The agency affirmed the A-2 commercial paper rating.

S&P also placed the AA corporate credit rating and A-1+ commercial paper rating on Nicor Inc. and its subsidiary Nicor Gas Co. on CreditWatch with negative implications.


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