S&P raises Semco Energy outlook to positive

Standard & Poor's said it affirmed the BB- ratings on Semco Energy Inc. and revised the outlook on the company to positive from stable.

The positive outlook reflects the potential for a higher rating based on Semco Energy's ability to reduce debt and increase free cash flow, continue to work successfully with its bank group and regulators and continue to focus on core regulated operations, the agency noted.

"The ratings on Semco reflect its highly leveraged financial risk profile, offset somewhat by its strong business risk profile," said S&P credit analyst Ralph A. DeCesare.

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