Fitch affirms AGL Resources

Fitch Ratings said it affirmed the outstanding ratings for AGL Resources Inc. and its two debt issuing subsidiaries, Atlanta Gas Light Co. and AGL Capital Corp.

The outlook is stable.

The ratings reflect the low business risk of its core regulated gas distribution business and management's favorable track record of operating and investing in a growing portfolio of non-regulated businesses, Fitch said.

The ratings are supported by the company's beneficial rate design and generally favorable service territory demographics, the agency said.

But, overall customer growth for 2010 remains flat due to a weak residential housing market and general economic conditions, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.