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Outlook On Energy Northwest, OR 'AA' Rated Debt Revised To Negative Apr 11 Product Image

Outlook On Energy Northwest, OR 'AA' Rated Debt Revised To Negative Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

  • Bonneville Pwr Admin
  • Energy Northwest
  • MORE

Abstract
NEW YORK (Standard & Poor's) April 22, 2011--Standard & Poor's Ratings Services revised its outlook to negative from stable on the Energy Northwest (ENW), Wash.'s revenue bonds and the several nonfederal-debt obligations that the Bonneville Power Administration (BPA), Ore. pays as operating expenses of its electric system. The outlook revision reflects the negative outlook assigned to the debt of the U.S. federal government (AAA/Negative/A-1+). Standard & Poor's also affirmed its 'AA' long-term rating on the nonfederal debt that BPA supports. Standard & Poor's understands that BPA has entered into agreements that require it to treat debt service on its $6.5 billion of nonfederal debt as an operating expense. BPA pays nonfederal debt ahead of servicing $6.9 billion of federal debt....

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

Action: Affirmed
Action: Outlook: Negative

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 READ MORE >

- Bonneville Pwr Admin
- Energy Northwest

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