BRIEF-S&P raises ratings on Columbia Pipeline Group to 'A-' after acquisition by Transcanada

Wed Jul 6, 2016 1:38pm EDT
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July 6 (Reuters) - S&P Global Ratings:

* Columbia Pipeline Group Inc ratings raised to 'A-' after acquisition by Transcanada; off creditwatch

* Following acquisition close, believe CPG becomes "core" to Transcanada per group rating methodology assessment

* Negative outlook reflects our outlook on parent Transcanada Source text (