S&P: Semco up to stable

Standard & Poor's said it affirmed its BB- corporate credit, senior unsecured debt and bank loan ratings on Semco Energy Inc. and revised the outlook to stable from negative.

S&P said the action followed a review of the company's credit quality, which determined that SEMCO had stabilized its credit profile at the current rating level.

Semco has taken necessary steps to fortify its liquidity position for the 2004-2005 heating season, according to S&P. Importantly, Semco is well positioned for the coming winter season with a storage position of 14.8 billion cubic feet (100% of capacity) and nearly full availability on its credit lines.

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