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Fitch Ratings
Fitch Rates NiSource Finance $700MM Notes 'BBB'
June 8th, 2008
Fitch Ratings assigns a 'BBB' rating to NiSource Finance Corp.'s (NI Finance) $500 million 6.80 % notes due 2019 and $200 million 6.15% Notes due 2013. The 6.15% notes due 2013 are issued under a reopened series that was originally issued in 2003. NI Finance has an Issuer Default Rating (IDR) of 'BBB'. NI Finance is a wholly owned special purpose finance subsidiary of NiSource Inc. (NI, IDR 'BBB') and its obligations under the notes are unconditionally guaranteed by NI. NI Finance's Rating Outlook is Stable. Note proceeds will be used to repay outstanding short-term debt, for expansion capital expenditures and for general corporate purposes. The 'BBB' rating and Stable...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-08)
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