Fitch Rates AGL Capital Corporation's Senior Notes 'BBB+'
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned a ‘BBB+’ rating to AGL Capital Corporation’s (AGL Capital) $350 million senior unsecured notes due 2026. The Rating Outlook is Stable. AGL Capital’s rating is based on an unconditional guarantee by its parent AGL Resources Inc. (AGL) which carries a ‘BBB+’ Long-Term Issuer Default Rating (IDR). KEY RATING DRIVERS –Merger concessions are not material; –Utility and pipeline earnings will drive performance; –Credit metrics are expected to we