S&P affirms Spire, subsidiaries

S&P said it affirmed its ratings on Spire Inc. (formerly The Laclede Group Inc.) and its subsidiaries Laclede Gas Co. and Alabama Gas Corp., while revising the liquidity assessment to adequate from strong.

This does not affect S&P’s credit ratings on the company. The outlook remains stable.

“We base the ratings affirmation on Spire Inc.'s excellent business and intermediate financial risk profiles, which lead to an A- credit rating. We now assess Spire's liquidity as adequate instead of strong, incorporating the impact of upcoming debt maturities and elevated capital spending needs, along with expected growth of the dividend.”

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