S&P affirms Scana

Standard & Poor's said it affirmed its A- corporate credit rating on Scana Corp. and its two major subsidiaries South Carolina Electric & Gas and Public Service Co. of North Carolina.

The outlook is negative.

The agency said that the current ratings reflect Scana's excellent business risk profile and a moderate improvement in the financial risk profile over the last 12 months.

Ratings also reflect the potential for increased business risk and for pressure on the consolidated financial risk profile as Scana prepares to build two new nuclear power plants, the agency said.

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