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S&P may still up Questar
Standard & Poor's said the ratings on Questar Corp., QGC and QPC remain on CreditWatch with positive implications, where they were placed on April 22, after Questar said it was considering spinning off its subsidiary Questar Market Resources Inc.
The CreditWatch update follows the announcement that Questar Corp.'s board of directors has authorized the spinoff, according to the agency.
The agency said it expects to raising the short-term rating of Questar to A-1 and the corporate credit and senior unsecured debt ratings on QGC and QPC to A from BBB+.
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