|
|
 |
|
Viewing report
|
|
|
|
Bulletin: American Public Energy Agency 2003 Bonds Ratings Unaffected By Soci?t? G?n?rale Downgrade
Standard & Poors, May 2009
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) May 11, 2009--Standard & Poor's Ratings Services said today that the May 7, 2009 downgrade of Societe Generale (SocGen) does not affect the rating or outlook on American Public Energy Agency's (APEA) series 2003A bonds and series 2003B bonds (AA/A-1+/Stable). The SocGen downgrade reflects out concerns about potential further losses on the bank's large exposure to structured credit investments and from rising credit risk. (See 'Research Update: Soci-t- G-n-rale Downgraded To 'A+/A-1' On Concerns About Earnings Resilience; Outlook Revised To Stable From Negative,' published May 7, 2009 on RatingsDirect.) The rating on APEA is currently tied to the long-term credit rating of BP Corp. North America Inc. (BPNA; AA/Stable/A-1+). BPNA guarantees the obligations of BP...
Companies mentioned in this report are: American Public Energy Agency (Gas Prepay),Societe Generale
Action: Bulletin
|
|
|
|
