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Article: Fitch Ratings Affirms NiSource At 'BBB'; On Rating Watch Negative.
- Article from:
- Business Wire
- Article date:
- February 6, 2002
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Business Editors
NEW YORK--(BUSINESS WIRE)--Feb. 6, 2002
Fitch Ratings has affirmed the debt ratings of NiSource, Inc. (NI) and its subsidiaries, Northern Indiana Public Service (NIPSCO), Columbia Energy Group (CG), NiSource Capital Markets and NiSource Finance Corp. The debt of NI and its subsidiaries are placed on Rating Watch Negative. The rating action reflects NI's current high leverage and weak liquidity position as well as the execution risk associated with the company's stated plan to improve its financial position through various key transactions, most notably the sale of equity by mid-2002. The planned common stock issuance should occur ...