S&P affirms Questar

Standard & Poor's said it affirmed its ratings on Questar Corp. and its affiliates Questar Market Resources Inc., Questar Gas Co. and Questar Pipeline Co. following Questar's announcement of its planned $655 million acquisition of gas development properties in northwest Louisiana. The properties are near Questar's existing Elm Grove Field operations and should add more than 250 billion cubic feet equivalent in proved reserves.

The outlook is stable.

The agency said the stable outlook reflects currently strong financial parameters and conservative hedging policies.

These positives are partially offset by Questar Market Resources' increased influence on Questar's overall results, which results in company exposure to fluctuations in gas and oil commodity price swings, S&P added.

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