| Title: | Bulletin: Rating On Main Street Natural Gas' 2007A Bonds Unaffected By Counterparty Outlook 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 Life Insurance Co. (AA/Negative/A-1+) does not affect the rating or outlook on Main Street Natural Gas Inc.'s series 2007A bonds (A/Stable). The rating on the prepay transaction is currently tied to the rating on the Municipal Gas Authority of Georgia (The Authority; A/Stable/--), the sole municipal participant in the transaction. Main Street's 2007A's bondholders rely on payments from XL Capital Assurance Inc. (XLCA; A-/Watch Neg/--) surety bond provider to cover debt service if a municipal participant defaults. Due to the lower rating on the surety provider, the rating on Main Street's 2007A bonds reflects no credit enhancement |
| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Rating On Main Street Natural Gas' ####A Bonds Unaffected By Counterparty Outlook Revision Publication date: ##-Apr-#### Primary Credit Analyst: Kenneth L Farer, New York (#) ###-###-####; kenneth_farer@standardand... |
| Word Count: | 477 |
| Issuer: | Main Street Natural Gas Inc. (Gas Prepay) |
| Sector: | Public Finance, Global Issuers, Structured Finance, Commercial MBS, Residential MBS, Financial Institutions, Insurance, Corporations, International Public Finance, Utilities, Asset-Backed Securities, Collateralized Debt Obligations, Asset-Backed Commercial Paper, Gas |
| Country: | United States |
| Region: | United States |
| Format: | 
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