S&P cuts Tennessee Energy outlook to negative

Standard & Poor's said it revised the outlook to negative from stable on Tennessee Energy Acquisition Corp.'s $2 billion of gas project revenue bonds, series 2006A.

At the same time, S&P said it affirmed the AA-/A-1+ senior secured debt rating on the bonds.

The outlook revision reflects the lowering of the outlook on Goldman Sachs Group Inc. to negative. Goldman Sachs guarantees the obligations of J. Aron & Co., Tennessee Energy's gas supplier.

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