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Bonneville Power Admin, OR's Proposed $863.3M Energy Northwest Revenue Bond Issue Rated 'AA-' Mar 06
Standard & Poors, March 2006
Abstract
SAN FRANCISCO (Standard & Poor's) March 16, 2006--Standard & Poor's Ratings Services assigned its 'AA-' rating to the proposed $863.3 million revenue bond issue at Energy Northwest (ENW), Wash. At the same time, Standard & Poor's affirmed its 'AA-' rating on all outstanding bonds at ENW and certain other obligations for which Bonneville Power Administration, Oregon (Bonneville) is the obligor that are junior to the ENW debt but senior to the more than $7 billion in Treasury obligations at Bonneville. The rating is not an issuer credit rating for Bonneville. The outlook is stable. 'Bonneville is moving to a 'direct pay' arrangement with ENW, under which customers will send cash directly to Bonneville, which will remit funds to ENW to...
Companies mentioned in this report are: Bonneville Pwr Admin,Energy Northwest
Action: Affirmed
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: 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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