Fitch rates AGL Capital notes BBB+

Fitch Ratings said it assigned a BBB+ rating to AGL Capital Corp.’s $350 million senior unsecured notes due 2026.

The outlook is stable. AGL Capital's rating is based on an unconditional guarantee by its parent AGL Resources Inc. (AGL) which carries a BBB+ long-term issuer default rating

Fitch said key rating drivers include: (a) Merger concessions are not material; (b) utility and pipeline earnings will drive performance; and (c) credit metrics are expected to weaken temporarily.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.