NEW YORK (S&P Global Ratings) July 12, 2016--S&P Global Ratings today assigned its 'BBB-' long-term issue rating to Dominion Resources Inc.'s $800 million 2016 series A enhanced junior subordinated notes due July 30, 2076. "We classify these securities as hybrids that have intermediate (50%) equity content and we rate them two notches below the issuer credit rating to reflect the instrument's subordination and the company's ability to defer interest payments," said S&P Global Ratings credit analyst Gabe Grosberg. Intermediate equity treatment is premised on the instrument's permanence, deferability, and subordination features as defined under our criteria for hybrid securities. The security's 60-year maturity, along with limited ability and no incentives to redeem the issue within the first five years, meets
