S&P ups PNG view to positive

S&P said it affirmed its ratings on PNG Cos. LLC, including the BBB- issuer credit rating, and revised the outlook to positive from stable.

“The positive outlook on PNG reflects the potential for higher ratings if the consolidated group's financial and profitability measures improve and it continues to focus on its regulated utility operations,” said S&P credit analyst Safina Ali in a news release.

© 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.