S&P assigns BBB+ ICR to Unitil

Standard & Poor's said it assigned its BBB+ issuer credit rating to Unitil Corp. and its subsidiaries, Fitchburg Gas & Electric Light Co., Northern Utilities Inc. and Unitil Energy Systems Inc.

The outlook is stable.

"We base our ratings on Unitil on its consolidated group credit profile, which includes a strong business risk profile and a significant financial risk profile," S&P credit analyst Matthew O'Neill said in a news release.

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