S&P: Portland General view negative

Standard & Poor's said it revised the outlook to negative from stable and affirmed the BBB+ corporate credit rating on Portland General Electric Co.

"The outlook revision reflects the possibility that in 2009 PGE's debt balances may increase and credit metrics weaken to levels that would not be commensurate with our expectations for the current BBB+ corporate credit rating," S&P analyst Anne Selting said in a statement.

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