It's not entirely clear yet, and I think it will be clarified in the rule-making, in the regulatory process.
I should add, too, Mr. Jean, that if you read further in the advisory from Standard & Poor's you'll see there are some caveats that speak to potential future issues from the Blue Water Bridge Authority. We've also included a discussion contained in an e-mail from an officer of Standard & Poor's about the legislation, and that has also been made available to the clerk.
On the face of it, it would likely not have immediate impact on present bond holders. I, however, am an exception. I do have a number of swaps in place on our 2003 refinance that may or may not be influenced by the legislation.
But for the most part, for existing bonds that are already in the hands of issuers there would be no downgrading in the bond unless the government took action. But with a future issuance, the markets could view this as being somewhat chilling and it could have an effect on the rating, and thereby the cost to borrow.
