Related Articles

• 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).

• 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.

• Main Street Gas Bonds Downgraded in Wake of Lehman Bankruptcy

Standard & Poor's has lowered the rating on Main Street Gas pre-pay bonds, series 2008A to 'CCC-' from 'A'. The downgrade results from Lehman Brothers Holdings, Inc. (LBHI), announcement that it has filed for bankruptcy. The rating remains on Negative Credit Watch.

• 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