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Prospect News home > News index > List of issuers M > Headlines for Main Street Natural Gas Inc. > News item |
Fitch warns of downgrades on more prepaid gas bonds
Fitch Ratings said it added the series 2008 gas purchase revenue bonds issued by the Public Authority for Colorado Energy to four transactions that were earlier placed on Rating Watch negative.
The action followed the same placement for Merrill Lynch & Co., Inc., and its subsidiaries, including Merrill Lynch Commodities, Inc., the gas supplier and remarketer in the transactions.
The affected notes, all rated A+, also include Main Street Natural Gas, Inc.'s series 2006B and series 2007A gas project revenue bonds; series 2007A Roseville Natural Gas Financing Authority gas revenue bonds and series 2007A and B Long Beach Bond Finance Authority natural gas purchase revenue bonds.
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