• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Bonneville Power Administration, Oregon Energy Northwest; Retail Electric; Wholesale Electric Jun 08 Product Image

Summary: Bonneville Power Administration, Oregon Energy Northwest; Retail Electric; Wholesale Electric Jun 08

  • Published: June 2008
  • Region: Oregon
  • Standard & Poors

FEATURED COMPANIES

  • Bonneville Pwr Admin
  • Energy Northwest
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA-/A-1+' ratings to the proposed $208.8 million Energy Northwest (ENW), Wash.'s series 2008-F. The bonds' debt service is payable as a Bonneville Power Administration, Ore. (Bonneville) operating expense. The long-term component of the rating is based on Bonneville's role as obligor on the debt. The short-term component of the rating represents the likelihood of payment of tenders and reflects the protections provided by Dexia Credit Local ('A-1+') liquidity facility. The liquidity facility, which is a standby bond purchase agreement (SBPA) shall provide coverage for principal and 34 days' interest at the maximum rate of 12% for the purchase price of bonds that are not successfully remarketed. The SBPA is scheduled to terminate on...

Companies mentioned in this report are:
- Bonneville Pwr Admin
- Energy Northwest

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

- Bonneville Pwr Admin
- Energy Northwest

Note: Product cover images may vary from those shown

RELATED PRODUCTS