Standard&Poor's Ratings Services' ratings on Questar Gas Co. (QGC) reflect the consolidated credit profile of its parent, U.S. natural gas company Questar Corp. (A/Stable/A-1). The ratings on Questar Corp. include what we consider to be an "excellent" business risk profile and "intermediate" financial risk profile. We view the business risk and financial risk profiles of Questar Corp. and its subsidiaries--QGC (about 25% of EBITDA), Questar Pipeline Co. (QPC; A/Stable/--; about 35%), and Wexpro Co. (unrated; about 40%)--on a consolidated basis. Supportive regulation, a growing service area with a mostly residential customer base, low operating risks, and lack of competition characterize the utility's excellent business risk profile. The business risk profile also benefits from strong access to gas supply
