S&P upgrades Aquarion

S&P said it raised the issuer credit rating on Aquarion Co. to A+ from BBB and removed the ratings from CreditWatch, where they were placed with positive implications on June 2.

The outlook is stable.

The agency also raised Aquarion's senior unsecured debt rating to A from BBB- and removed the ratings from CreditWatch.

S&P said the upgrade follows Eversource's acquisition of Aquarion and an assessment of Aquarion as a core subsidiary of Eversource under the agency’s group rating methodology.

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