Outlook On Energy Northwest, OR 'AA' Rated Debt Revised To Negative Apr 11
- ID: 1827102
- April 2011
- Standard & Poors
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: Outlook: Negative
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