Salt-Lake City-based Questar Corp. announced it is considering a possible tax-free spin-off of the company's natural gas and oil exploration and production (E&P) business. We have placed our 'A-2' short-term commercial paper rating on Questar Corp. on CreditWatch with positive implications. We have placed our 'BBB+' corporate credit and senior unsecured debt ratings on Questar Gas Co. and Questar Pipeline Co. (subsidiaries of Questar Corp.) on CreditWatch with positive implications. We expect to review these ratings upon the company determining to proceed with the spin-off and its completion. On April 22, 2010, Standard&Poor's Ratings Services placed its 'BBB+' corporate credit and senior unsecured debt ratings on Questar Gas Co. and Questar Pipeline Co. on CreditWatch with positive implications.
