AGL Capital $200MM Sr. Notes Rated 'A-' by Fitch; Outlook Stable.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- AGL (programming) AGL - (Atelier de Genie Logiciel) French for IPSE. Capital Corp.'s (AGCC) $200 million 4.95% senior notes due Jan. 15, 2015 are rated 'A-' by Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. . The Rating Outlook is Stable. The notes are fully and unconditionally guaranteed by AGL Resources, Inc. (AGLR AGLR AGL Resources AGLR Anti-Glare, Low Reflection ; 'A-' indicative senior unsecured rating, Stable Rating Outlook). Proceeds from the new senior notes will be used to reduce outstanding short-term debt including commercial paper borrowings incurred in the recent acquisition of NUI (1) (Network User Interface) A user interface for a computer attached to the network. The NUI is designed to work with remote applications and files as easily as local files. Corp. AGCC/AGLR's ratings were affirmed by Fitch on Nov. 22, 2004 following a review of AGLR's strategies for financing and integrating the acquisition of NUI. AGLR completed the acquisition of NUI's outstanding common stock on November 30, 2004, for $218 million in cash and the assumption of approximately $595 million of outstanding NUI net debt. For additional information, please refer to the press release dated Nov. 22, 2004 'AGL Resources Affirmed at 'A-' by Fitch', available on the Fitch Ratings website at www.fitchratings.com. |
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