Fitch Ratings downgraded three gas prepaid revenue bond transactions to A-plus from AA-minus. The outlook is stable.
The action follows Fitch’s downgrade to A-plus from AA-minus of Goldman Sachs Group Inc.
The downgrade is due to Fitch’s assessment that weak global economic conditions will continue to adversely impact revenues and profitability in a number of Goldman’s major business lines.
Downgraded were Central Plains Energy Project, Series 2007A, 2007B; SA Energy Acquisition Public Facility Corp., Series 2007; and Tennessee Energy Acquisition Corp., Series 2006A.