-- On Feb. 21, 2012, Fortis Inc. announced it entered into an agreement
to acquire all of the shares of CH Energy Group Inc. for about C$1.5 billion.
-- As a result, we are placing our ratings, including our 'A-' long-term
corporate credit rating, on Fortis Inc. on CreditWatch with negative
implications.
-- The CreditWatch reflects our expectation of increased debt at the
holding company level to finance the acquisition and that post-acquisition,
deconsolida
Source: http://feeds.reuters.com/~r/reuters/companyNews/~3/x2CrZ07Ftx4/idUSWNA073320120222
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