Moody's: Integrys Energy view stable

Moody's Investors Service said it changed the outlook of Integrys Energy Group, Inc., and its subsidiaries Peoples Energy Corp., Wisconsin Public Service Corp., Peoples Gas Light and Coke Co. and North Shore Gas Co., to stable from negative.

The change in the outlook reflects a reduced business risk profile driven by the recently completed restructuring of the company's non-regulated energy marketing business into a smaller segment with significantly reduced collateral requirements, Moody's said.

The stable outlook also considered a reduction in consolidated debt levels, the implementation of rate increases at various utility subsidiaries and the recent renewal of $1.1 billion in credit facilities, the agency said.

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