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Article: Fitch Affirms Ratings for Nicor Inc. and Nicor Gas; Outlook Stable
- Article from:
- Wireless News
- Article date:
- September 12, 2009
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Wireless News
09-12-2009
Fitch Affirms Ratings for Nicor Inc. and Nicor Gas; Outlook Stable
Type: News
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of Nicor Inc. (Nicor) and its core gas utility subsidiary, Northern Illinois Gas Co. (dba Nicor Gas) at 'A'.
Approximately $500 million of long-term debt is affected by the rating action.
Fitch has affirmed the following ratings:
Nicor
--Long-Term IDR at 'A';
--Short-Term IDR at 'F1';
--Senior Unsecured at 'A';
--Preferred Stock at 'A-';
--Commercial Paper at 'F1'.
Nicor Gas
--Long-Term IDR at 'A';
--Short-term IDR at 'F1';
--First-Mortgage Bonds at 'AA-';
--Senior Unsecured at 'A+';
--Commercial Paper at 'F1'.
The ...