Fitch rates NiSource notes BBB-

Fitch Ratings said it assigned a BBB- rating to NiSource Finance Corp.'s $500 million 6.125 % notes due 2022.

The outlook is stable.

NiSource Finance is a wholly owned special purpose finance subsidiary of NiSource Inc., which has an issuer default rating of BBB-.

The rating reflects the low business risk and consistent operating performance generated by the company's geographically diverse mix of regulated operations, Fitch said, and the positive effect of increased natural gas utility rates in Ohio, Pennsylvania and Massachusetts.

Its credit measures are consistent with expectations and its liquidity position should be relatively strong going into 2010, the agency added.

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