S&P says Roseville, Clarksville Natural Gas unchanged

Standard & Poor's said that the outlook revision of Wachovia Bank NA did not affect the rating or outlook on Roseville Natural Gas Financing Authority's $209.35 million of tax-exempt revenue bonds, series 2007A or Clarksville Natural Gas Acquisition Corp.'s $240.1 million of series 2006 revenue bonds due 2021.

The Roseville authority is rated AA/A-1+ on negative watch. Clarksville is rated A- on negative watch.

The rating on the Roseville authority and Clarksville's transaction were not affected because they are tied to guarantees from Merrill Lynch & Co. Inc. and XL Capital Assurance Inc.

Merrill Lynch is rated A+/A-1 on negative watch, and XL is rated A- on negative watch.

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