Secured Lease Obligation Bond

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A debt security that is secured by a lease on an asset. That is, the revenue the issuer obtains from the lease guarantees payment on the bond. It is important to note that only the lease (or a lease coupled with a lien on the asset) secures the bond. This is a common financing tool for electric companies building power stations.

secured lease obligation bond (SLOB)

A debt obligation serviced by lease payments on a single asset. The debt may be secured only by the lease or by a combination of the lease and a lien on the asset being leased. SLOBs are used primarily by electric utilities to finance power stations.

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SLOB			CHICAGO -- Fitch Ratings has downgraded to 'B+' from 'BB-' the ratings on Midland Cogeneration Venture LP's (MCV) taxable secured lease obligation bonds due 2006. Fitch Downgrades Midland Cogeneration Venture Bonds by Business Wire Entergy Louisiana, LLC --Issuer default rating 'BBB-'; --First-mortgage bonds 'BBB+'; --Pollution control revenue bonds 'BBB'; --Waterford 3 secured lease obligation bonds 'BBB'; --Preferred stock 'BBB-'. Fitch: Restructuring Plan Will Not Affect Entergy Louisiana's Ratings by Business Wire CHICAGO -- Fitch Ratings has downgraded to 'BB-' from 'BB' the ratings on Midland Cogeneration Venture LP's (MCV) taxable and tax-exempt outstanding secured lease obligation bonds due 2006 and 2009, respectively, and placed the ratings on Rating Watch Negative. Fitch Lowers Midland Cogeneration Venture LP to 'BB-'; Rating Watch ... by Business Wire			Section 482 Section 521 Section 8 housing Section 83 Section 83(b) Election Sector Sector Allocation Sector Analyst Sector diversification Sector economico clave Sector Equity Fund Sector Fund Sector gobierno Sector industrial Sector Neutral Index Fund Sector Rotation sector swap sector theory Secular Secular Market Secular Trend Secured Bond Secured Credit Card Secured Creditor Secured Debt Secured Lease Obligation Bond Secured Liability Secured Loan Secured Note Securite alimentaire Securities Securities & Exchange Commission Securities Act Amendments of 1975 Securities Act of 1933 Securities Acts Amendments of 1975 Securities Analyst Securities Analysts Securities and Commodities Exchanges Securities and Exchange Board of India Securities and Exchange Commission Securities and Exchange Commission of Brazil Securities and Exchange Commission Rules Securities and Investment Board Securities Exchange Securities Exchange Act of 1934 Securities Exchange of Thailand Securities Industry Association Securities Industry Automation Corporation Securities Industry Committee on Arbitration Securities Industry Conference on Arbitration Securities Information Center			secured bond secured bond Secured Bonds Secured Bonds Secured by Design secured by law Secured Card Secured Cards Secured Credit Secured credit card Secured Credit Cards Secured creditor Secured creditor Secured creditor Secured creditors Secured creditors Secured creditors Secured Credits secured debenture secured debenture secured debenture Secured Debentures Secured Debentures Secured debt Secured Debts Secured Demilitarized Zone Secured Diplomatic Transit Account Secured Enterprise Access Tool Secured File Transfer Protocol Secured File Transfer Protocol Daemon Secured Lease Obligation Bond Secured Lease Obligation Bonds Secured Liabilities secured liability Secured Line of Credit Secured loan Secured Loans Secured Network Gateway Secured Note Secured Notes Secured Obligation Secured Obligations Secured Pin Entry Device Secured transaction Secured Transaction Section Secured transactions Secured transactions Secured transactions Secured transactions Secured transactions Secured Transfer of Electronic Financial Information Secured Visual Display Fixtures SecureLogin Advanced Authentication securely securely securely securely securely securely fixed Securely Protect Yourself Against Cyber Trespass Act securement

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