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Article: S&P lists keys for successful credit for LDCs.
- Article from:
- Pipeline & Gas Journal
- Article date:
- June 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Oildom Publishing Company of Texas, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On its surface, the analysis of credit quality in the gas distribution industry' would appear straight-forward. After all. the core business simply involves distributing a commodity to mainly captive customers within a given service territory. What could be more uncomplicated?
But, in reality, the universe of gas distribution companies (LI)Cs) rated by Standard & Poor's Ratings Services has great credit diversity as evidenced by ratings ranging from "AA' to 'BB'.
But, in reality, the universe of gas distribution companies (LDCs) rated by Standard & Poor's Ratings Services has great credit diversity as evidenced by ratings ranging from AA' to 'BB-'. ...