S&P affirms Nicor

Standard & Poor's said it affirmed its AA corporate credit rating on Nicor Inc. and subsidiary Nicor Gas Co.

At the same time, S&P said it revised its outlook to stable from negative on the company.

The agency noted that the ratings affirmation and outlook revision to stable reflect the company's strong underlying credit profile and well-above-average credit metrics.

Furthermore, the rating action reflects our expectations related to the company's future operating and financial performance, the agency added.

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