S&P ups Integrys outlook to stable

Standard & Poor's said it revised its outlook on Integrys Energy Group Inc. and its subsidiaries WPS, Peoples Energy Corp., Peoples Gas Light & Coke Co., and North Shore Gas. Co. to stable from negative.

The agency said it also affirmed the current ratings on Integrys and its subsidiaries.

S&P added that the outlook revision reflects the diminished possibility of a downgrade in light of the company's decision to restructure its unregulated businesses and its decreasing regulatory risk.

The ratings on Integrys reflect its strong business risk profile and significant financial risk profile, the agency stated.

"The stable outlook on Integrys reflects the company's decreasing regulatory risk that is partially offset by management's decision to retain some of its unregulated companies," said S&P credit analyst Gabe Grosberg.

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