Moody's affirms ratings of NiSource and subsidiaries; outlooks stable
Moody's Investors Service (Moody's) affirmed the ratings of NiSource Inc., including its Baa2 senior unsecured and Issuer ratings and its Prime-2 short term rating for commercial paper, the ratings of its guaranteed subsidiaries, as well as the Baa1 Issuer and senior unsecured ratings of its utility...
NiSource is an energy holding company. Through its subsidiaries, the company is a natural gas distribution company. The company's reportable segments are: Gas Distribution Operations and Electric Operations. For its gas distribution operations, through its wholly-owned subsidiary, NiSource Gas Distribution Group, Inc., the company owns distribution subsidiaries that provide natural gas to residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland and Massachusetts. Through its electric operations, the company generates, transmits and distributes electricity through its subsidiary, Northern Indiana Public Service Company LLC, and engages in wholesale and transmission transactions.
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