S&P affirms Veresen

S&P said it affirmed its ratings on Veresen Inc., including its BBB long-term corporate credit rating.

The outlook is stable.

"We believe Veresen's announcement that it is selling its power generation business, suspending its premium dividend and dividend reinvestment program, and maintaining its current annualized dividend rate will not affect the ratings," S&P credit analyst Gerry Hannochko said in a news release.

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