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

  • ID: 1827102
  • April 2011
  • Standard & Poors
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  • Bonneville Pwr Admin
  • Energy Northwest
  • MORE

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 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.

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- Bonneville Pwr Admin
- Energy Northwest

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