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S&P puts PNG on positive watch
S&P said it placed its ratings on PNG Cos. LLC on CreditWatch with positive implications.
The CreditWatch placements reflect the high likelihood that PNG will be a core subsidiary of Aqua America Inc. when the transaction closes and the increasing probability that we would likely raise our ratings on PNG to align with the higher credit rating on Aqua Pennsylvania (Aqua-PA),” S&P said in a news release.
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