S&P: NiSource unchanged

Standard & Poor's said NiSource Inc.'s (BBB-/stable) plans to sell its Northern Utilities Inc. and Granite State Gas Transmission Inc. business units for about $185 million does not affect the rating on the company or its subsidiaries NiSource Finance Corp., Northern Indiana Public Service Co. and Bay State Gas Co.

S&P said that while NiSource plans to use proceeds to strengthen its balance sheet, the agency doesn't expect the level of debt reduction to change the company's ratings.

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