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S&P cuts Northern Natural Gas
Standard & Poor's said it lowered its rating on Northern Natural Gas Co. to A- from A and all related issue-level ratings on the company's debt by one notch in conjunction with a criteria revision. The ratings were removed from CreditWatch, where they were placed with negative implications Nov. 26.
The outlook is stable.
"The downgrade reflects an a- stand-alone credit profile (SACP) of NNG based on our revised criteria, as well as the application of the revised Group Ratings Methodology," said S&P credit analyst Nora Pickens in a news release.
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