| Title: | Bulletin: Rating On American Public Energy Agency's 2003A Bnds Unaffected By Counterparty Outlk Revision |
| Price: | $100.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) April 30, 2008--Standard&Poor's Ratings Services said today that the April 29, 2008 outlook revision of Transamerica Occidental Life Insurance Co. (AA/Negative/A-1+) does not affect the 'AA+/A-1+' rating or outlook on American Public Energy Agency's (APEA) $153 million series 2003A, $153 million series 2003B gas supply revenue bonds due in 2014. The rating is currently tied to the long-term credit rating of BP Corporation North America Inc. (BPNA; AA+/Negative/A-1+). BPNA guarantees the obligations of BP Canada Energy Marketing Corp. (BPCEM; not rated), APEA's gas supplier under the series 2003 transactions. Standard&Poor's could lower the ratings on APEA's transactions if one of the other counterparties in the transaction becomes the primary ratings constraint. |
| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Rating On American Public Energy Agency's ####A Bnds Unaffected By Counterparty Outlk Revision Publication date: ##-Apr-#### Primary Credit Analyst: Kenneth L Farer, New York (#) ###-###-####;... |
| Word Count: | 449 |
| Issuer: | American Public Energy Agency (Gas Prepay) |
| Sector: | Global Issuers, Structured Finance, Public Finance, Insurance, Corporations, Utilities, Commercial MBS, Gas, Metals & Mining, Energy |
| Country: | United States |
| Region: | United States |
| Format: | 
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