S&P affirms UIL

Standard & Poor's said it affirmed the BBB corporate credit and issue ratings on UIL Holdings Corp. and its regulated electric utility subsidiary United Illuminating Co. and downgraded Southern Connecticut Gas Co. and Connecticut Natural Gas Corp. to BBB from A- and Berkshire Gas Co. to BBB from BBB+ due to UIL's pending completion of the acquisition of these companies.

The outlook is stable.

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