S&P ups Integrys outlook to stable

Standard & Poor's said it revised the outlook on Integrys Energy Group Inc. and all of its subsidiaries to stable from negative.

At the same time, S&P said it assigned its A rating to Integrys' electric and gas utility Wisconsin Public Service Corp.'s $125 million senior notes due 2017.

In addition, S&P said it affirmed its A- long-term and A-2 short-term corporate credit ratings and its other ratings on Integrys.

The revised outlook reflects Integrys' progress to improve its financial and business profiles since its one-notch downgrade on Feb. 21, 2007, the agency said, noting that these include the sale of its E&P business as well as the reduction of short-term debt.

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