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S&P: Puget Energy still on watch
Standard & Poor's said the BBB- corporate credit rating on Puget Energy Inc. and Puget Sound Energy Inc. remains on CreditWatch with negative implications, pending final regulatory approval proceedings related to the proposed merger with Macquarie Infrastructure Partners.
The rating reflects the excellent business profile of Puget Sound and the aggressive consolidated financial risk profile of Puget, according to the agency.
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