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S&P Global Ratings upgrades SCANA, revises Dominion outlook on deal approval

Dec 28, 2018 - SNL Energy Finance Daily
Mergers and Acquisitions

S&P Global Ratings on Dec. 27 upgraded SCANA Corp. and its subsidiaries and revised its outlook to stable from negative for Dominion Energy Inc. and its subsidiaries on the expected closing of their all-stock merger.

The Public Service Commission of South Carolina on Dec. 14 voted unanimously to approve Dominion Energy's acquisition of SCANA. S&P Global Ratings said it expects Dominion will be able to close on the deal "in the very near term."

S&P Global Ratings upgraded SCANA to BBB...