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Energy Northwest, Washington Bonneville Power Adminstration; Retail Electric; Wholesale Electric Mar 08

Description:
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' rating to the proposed $667.275 million Energy Northwest (ENW), Wash.'s series 2008-A, 2008-B and 2008-C refunding bonds and revenue bonds. The rating's outlook is stable. The bonds' debt service is payable as a Bonneville Power Administration (Bonneville) operating expense. Standard & Poor's also affirmed its 'AA-' ratings on outstanding Energy Northwest electric revenue bonds and several additional nonfederal debt obligations supported by Bonneville. The ratings assigned to the ENW and other nonfederal debt paid as a Bonneville operating expense do not constitute Bonneville's issuer credit rating and are not an assessment of Bonneville's capacity to meet federal and nonfederal obligations. Bonneville accords operating expense treatment to debt service on $6.6 billion of...

Companies mentioned in this report are: Bonneville Pwr Admin,Energy Northwest
Action: New Rating


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: Full Analysis
Companies Mentioned
Bonneville Pwr Admin,Energy Northwest
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Energy Northwest, Washington Bonneville Power Adminstration; Retail Electric; Wholesale Electric Mar 08

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