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S&P Affirms Ratings on Black Hills Corp. (BKH) Amid SourceGas Deal

July 14, 2015 8:25 AM EDT

Standard & Poor's Ratings Services today affirmed its ratings on Black Hills Corp. (NYSE: BKH) (BKH) and its subsidiary Black Hills Power (BHP), including the 'BBB' issuer credit ratings. We also affirmed BKH's 'BBB' senior unsecured debt rating and BHP's 'A-' senior secured debt rating. The outlook is stable.

At the same time, we affirmed our ratings on SourceGas LLC, including the 'BB+' issuer credit rating, and revised our rating outlook on SourceGas LLC to positive from stable.

Black Hills Corp. announced it has entered into a definitive agreement to acquire... More