Moody's lowers Integrys

Moody's Investors Service said it downgraded the senior unsecured rating of Integrys Energy Group, Inc. to Baa1 from A3.

Moody's said it also downgraded the long-term ratings of Integrys' subsidiaries including Peoples Energy Corp.'s senior unsecured rating to Baa1 from A3, Wisconsin Public Service Corp.'s senior secured rating to A1 from Aa3 and issuer rating to A2 from A1, the Peoples Gas Light and Coke Co.'s senior secured rating to A2 from A1 and North Shore Gas Co.'s senior secured rating to A2 from A1.

Separately, Moody's noted that it confirmed the commercial paper rating for WPSC at Prime-1 and downgraded Peoples' commercial paper rating to Prime-2 from Prime-1.

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