NEW YORK (S&P Global Ratings) May 18, 2016--S&P Global Ratings said today that it assigned its 'BBB' issue rating to Dominion Resources Inc.'s remarketed $550 million junior subordinated notes due 2019 based on our review of the proposed terms and conditions. Dominion originally issued the notes as components of its 2013 series B equity units, and they are subordinated to the company's existing and future senior unsecured debt. Because the notes are subordinated, we rate them one notch below the company's issuer credit rating. The rating on the proposed notes is one notch higher than those on Dominion's existing enhanced junior subordinated notes ($685 million 5.75% due 2054, 7.5% due 2066, and variable-rate notes due 2066). We classify the enhanced
