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• Main Street Gas Bonds and Lehman Bankruptcy

The Main Street Natural Gas, Inc. (Main Street) Gas Project Revenue Bonds, Series 2008A, which were investment grade rated when purchased, appear subject to the bankruptcy of Lehman Brothers Holdings, Inc. (LBHI).

• The Bond Buyer: S&P Drops Rating on Main Street Gas Bonds

Standard & Poor's dropped its rating on Main Street Natural Gas Inc. Series 2008A project gas revenue bonds to default level, The Bond Buyer reported. The newspaper said bondholders could be left as unsecured creditors in Lehman Brothers Holdings Inc. Chapter 11 bankruptcy proceedings.

• Main Street Gas Bondholders Take Action

In reaction to the bankruptcy of Lehman Brothers Holdings, Inc. (LBHI), institutional holders of the Series 2008A bonds issued by Main Street Gas are forming a bondholders committee to better represent investors interests.

• Financial Industry Challenges Could Affect Gas Bonds

S&P and Fitch have placed Main Streets 2008A bonds on Negative Watch.

• Strength of Prepaid Gas Bonds Fuels Investor Demand

Tax-free bonds that help municipalities control their long-term natural gas costs are gaining popularity among investors for their strong protections and high credit ratings