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Bulletin: Dominion Resources Inc. Plan To Sell Three Merchant Generation Units Won't Affect Ratings

Published Sep 06, 2012

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Abstract:

NEW YORK (Standard&Poor's) Sept. 6, 2012--Standard&Poor's Ratings Services said today that Dominion Resources Inc.'s (A-/Stable/A-2) plans to sell three of its merchant generation units has no immediate impact on current ratings. Dominion indicated that it plans to use the asset sale proceeds to offset debt financing needs and invest in its regulated utility operations. As a result, when completed, the transaction will somewhat reduce Dominion's consolidated business risk and support the company's focus on its regulated utility operations.

Report Type:

Bulletin

Ticker

DNIRE

Issuer

Dominion Resources Inc.

GICS

Multi-Utilities (55103010)

Sector

Global Issuers, Structured Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Dominion Resources Inc. Plan To Sell Three Merchant Generation Units Won't Affect Ratings" Sep 06, 2012. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Dominion-Resources-Inc-Plan-To-Sell-Three-Merchant-Generation-Units-Won-t-Affect-Ratings-1007850>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Dominion Resources Inc. Plan To Sell Three Merchant Generation Units Won't Affect Ratings Sep 06, 2012. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Dominion-Resources-Inc-Plan-To-Sell-Three-Merchant-Generation-Units-Won-t-Affect-Ratings-1007850>

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