Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Alabama Gas Corp. > News item |
S&P affirms Spire, subsidiaries
S&P said it affirmed its ratings on Spire Inc. (formerly The Laclede Group Inc.) and its subsidiaries Laclede Gas Co. and Alabama Gas Corp., while revising the liquidity assessment to adequate from strong.
This does not affect S&P’s credit ratings on the company. The outlook remains stable.
“We base the ratings affirmation on Spire Inc.'s excellent business and intermediate financial risk profiles, which lead to an A- credit rating. We now assess Spire's liquidity as adequate instead of strong, incorporating the impact of upcoming debt maturities and elevated capital spending needs, along with expected growth of the dividend.”
© 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.