NEW YORK--(BUSINESS WIRE)--Fitch Ratings has placed the 'A' long-term Issuer Default Rating (IDR) and senior unsecured debt ratings of The Southern Company (Southern) on Rating Watch Negative. The actions follow today's announcement of a definitive agreement to acquire AGL Resources (AGL) for $8 billion in cash. Southern should benefit from the greater scale and diversity from the addition of predominantly low-risk natural gas distribution businesses. However, these benefits will be partially o
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