S&P: Duke Energy view to negative

Standard & Poor's said it affirmed its ratings on Duke Energy Corp. and subsidiaries, including the A- issuer credit rating, and revised the outlook to negative from stable.

The company is acquiring Piedmont Natural Gas Co. Inc. in a transaction valued at $6.7 billion, including the assumption of $1.8 billion of debt.

"The outlook revision to negative reflects our view that the terms of the proposed financing will lead to weaker credit protection measures following the close of the transaction," S&P credit analyst Dimitri Nikas said in a news release.

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