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Prospect News home > News index > List of issuers S > Headlines for South Jersey Industries, Inc. > News item
Published on 8/18/2017 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P: South Jersey Industries facility BBB

S&P said it assigned its BBB issue-level rating to South Jersey Industries Inc.'s $400 million senior unsecured revolving credit facility due 2022.

The BBB+ issuer credit rating and stable outlook are unchanged.

The agency said it rated the senior unsecured debt one notch lower than the issuer credit rating because priority liabilities, including operating utility debt, exceed 20% of total assets.


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