Fitch affirms AGL, Nicor

Fitch Ratings said it affirmed the A- issuer default rating for AGL Resources Inc. and the A issuer default rating for Nicor Inc. following plans for a merger between the companies.

The outlook is stable.

Factors that could affect the ratings include AGL's ability to access capital markets to permanently fund the transaction as well as any structural changes or non-core asset sales, according to the agency.

Nicor Gas' ratings are currently based on its standalone credit profile and do not incorporate any parental support or constraint, and Fitch said it does not expect the merger to result in any change in its capital structure or business.

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