| Title: | Bulletin: Rating On American Pub Engy Agency's 2005 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 American Public Energy Agency's (APEA) series 2005 bonds (AA+/Stable/A-1+). 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 2005 transaction. Standard&Poor's could lower the rating on APEA's series 2005 bonds if one of the other counterparties in the transaction becomes the primary ratings constraint. Transamerica Life Insurance is the guaranteed investment contract (GIC) provider for |
| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Rating On American Pub Engy Agency's #### Bonds Unaffected By Counterparty Outlook Revision Publication date: ##-Apr-#### Primary Credit Analyst: Kenneth L Farer, New York (#) ###-###-####; kenneth_farer@standardan... |
| Word Count: | 453 |
| Issuer: | American Public Energy Agency (Gas Prepay) |
| Sector: | Global Issuers, Structured Finance, Public Finance, Insurance, Corporations, Utilities, Commercial MBS, Energy, Gas, Metals & Mining |
| Country: | United States |
| Region: | United States |
| Format: | 
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