Diversified energy company The Williams Cos. Inc. recently announced it will spin off its natural gas and oil exploration and production company. As a result, Standard & Poor’s placed its ‘BBB-' corporate credit rating for the company on CreditWatch with positive implications. How will the spin-off play out? In this CreditMatters TV segment, Director Michael Grande discusses the specific reasons behind the split, our rating action, and what key factors we will monitor closely over the coming months.