Various Energy Northwest, WA, Issues Rated 'AA'; Other Ratings Affirmed; Outlook Negative Jun 11
Standard & Poors, June 2011
Abstract
NEW YORK (Standard & Poor's) June 2, 2011--Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to Energy Northwest (ENW), Wash.'s proposed $423.8 million of revenue bonds consisting of $4.5 million taxable Columbia Generating Station electric revenue refunding bonds, series 2011-C, $156.4 million project 1 electric revenue refunding bonds, series 2012-A, $194.6 million Columbia Generating Station electric revenue refunding bonds, series 2012-A and $68.3 million project 3 electric revenue refunding bonds series 2012-A. Proceeds will refund bonds outstanding. The 2012 bonds are forward delivery bonds that ENW will deliver April 3, 2012. The Bonneville Power Administration (BPA), Ore., has entered agreements that we understand require it to treat debt service on these bonds as an operating expense, together...
Companies mentioned in this report are: Bonneville Pwr Admin,Energy Northwest
Action: Affirmed
Action: New Rating
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.
Bonneville Pwr Admin,Energy Northwest
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