Fitch Rates $47MM Dominion Energy Brayton Point Bond Issue 'BBB+'.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch has assigned ratings of 'BBB+/F2' to the $47,000,000 of Massachusetts Development Finance Agency solid waste disposal revenue bonds (Dominion Energy Brayton Point Issue), series 2006, which are expected to be issued by the Massachusetts Development Finance Agency. The rating is based on the associated guaranty of Dominion Resources Dominion NYSE: D (formerly Dominion Resources) is a power and energy company headquartered in Richmond, Virginia, USA, that supplies electricity, natural gas, or other energy services to homes in Virginia, West Virginia, Ohio, Pennsylvania, and eastern North Carolina. , Inc. The bonds are expected to have a final maturity date of Feb. 1, 2036. Payments on the bonds will be made by the issuer solely from payments received from Dominion Energy Brayton Point, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Borrower) under a trust agreement. The Borrower's obligation to pay interest, principal and premium, if any, under the trust agreement will be unconditionally guaranteed Unconditionally Guaranteed is the eighth LP by Captain Beefheart & the Magic Band, originally released in 1974. Upon release it was criticised for being too commercial, however it failed to give Beefheart any real chart success and peaked at #192 on the Billboard by Dominion Resources, Inc. The short-term rating of 'F2' reflects the Borrower's option to effect a change in mode to a short-term option following the initial term rate period. The Rating Outlook of Dominion Resources, Inc. is Stable. Dominion is a vertically integrated energy company with regulated and unregulated electric and gas operations. Principal subsidiaries include Virginia Electric & Power Company, Consolidated Natural Gas Company and Dominion Energy, Inc. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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