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Bulletin: Dominion Resources Inc.'s Sale Of Two Units Cancelled; No Ratings Effect

Published Jan 15, 2008

366 words — Published Jan 15, 2008

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Abstract:

NEW YORK (Standard&Poor's) Jan. 15, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Dominion Resources Inc. (A-/Stable/A-2) are not immediately affected following the company's announcement that the sale of two of its natural-gas distribution companies to Equitable Resources Inc. (A-/Watch Neg/A-2) will not be completed. The company is indicating that it still intends to sell the utility properties in West Virginia and Pennsylvania, and the delay in the divestment is not expected to greatly affect Dominion's credit quality. A significant time lapse in the continuing sale process or lower proceeds from the eventual sale would marginally diminish Dominion's credit profile.

Brief Excerpt:

RESEARCH Bulletin: Dominion Resources Inc.'s Sale Of Two Units Cancelled; No Ratings Effect Publication date: 15-Jan-2008 Primary Credit Analyst: Todd A Shipman, CFA, New York (1) 212-438-7676; todd_shipman@standardandpoors.com NEW...

Report Type:

Bulletin

Ticker

DNIRE

Issuer

Dominion Energy Inc.

GICS

Multi-Utilities (55103010)

Sector

Global Issuers, Structured Finance

Country

United States

Region

United States

Format:

PDF

Bulletin: Dominion Resources Inc.'s Planned Sale Of Two Utility Units Does Not Affect Ratings – 2008/07/02 – Free

Summary: Dominion Resources Inc. – 2008/07/28 – US$ 225.00

Dominion Resources Inc. – 2009/02/24 – US$ 500.00

Summary: Dominion Resources Inc. – 2009/02/24 – US$ 225.00

Summary: Dominion Resources Inc. – 2009/08/20 – US$ 225.00

Summary: Dominion Resources Inc. – 2007/12/28 – US$ 225.00

Dominion Resources Inc. – 2007/12/28 – US$ 500.00

Dominion Resources' Corporate Credit Rating Raised Two Notches To 'A-'; Outlook Stable – 2007/12/27 – US$ 150.00

Research Update: Dominion Resources' Corporate Credit Rating Boosted Two Notches To 'A-'; Outlook Stable – 2007/12/27 – US$ 225.00

Dominion Resources 'BBB' Rating Affirmed Re: E&P Asset Sale – 2007/06/04 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Dominion Resources Inc.'s Sale Of Two Units Cancelled; No Ratings Effect" Jan 15, 2008. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Dominion-Resources-Inc-s-Sale-Of-Two-Units-Cancelled-No-Ratings-Effect-625765>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Dominion Resources Inc.'s Sale Of Two Units Cancelled; No Ratings Effect Jan 15, 2008. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Dominion-Resources-Inc-s-Sale-Of-Two-Units-Cancelled-No-Ratings-Effect-625765>

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